Wednesday, Feb 08, 2023

Indian Oil Corporation


Govt clears Rs 22,000 crore grant to 3 oil PSUs to cover LPG losses

October 12, 2022 11:48 pm

The three firms – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) – sell domestic LPG at government-regulated prices to consumers.

IOC posts Rs 1,992.53 crore net loss in Q1 on petrol, diesel price freeze

July 29, 2022 4:55 pm

Net loss of Rs 1,992.53 crore in April-June compared to Rs 5,941.37 crore of net profit in the same period a year back, the company said in a stock exchange filing.

Sri Lanka to buy fuel from Indian Oil to tide over energy crisis

February 01, 2022 6:31 pm

Sri Lanka in the recent weeks has been mulling different options to facilitate measures to prevent fuel pumps from going dry, as the island nation was faced with a severe foreign exchange crisis to pay for its imports.

Explained: IOC's new battery JV, and why Maruti and Ashok Leyland have signed up for it

March 24, 2021 9:03 am

Why is Indian Oil's joint venture with Phinergy to develop aluminium-air batteries an important development for India's EV space, and how could metal-air technology give electric vehicle adoption a boost?

IOC, Phinergy launch JV to develop fuel cells

March 18, 2021 4:22 am

IOC Phinergy Private Limited will develop fuel cells using aluminium air technology and indigenous hydrogen storage solutions.

Indian Oil-tanker fire update: One crewman presumed dead as blaze continues to rage

September 04, 2020 11:58 am

There were 5 Greek and 18 Philippine nationals among the crew. One of them was injured and he was airlifted out of the ship and the rest were accounted for.

Indian Oil-tanker fire update: 1 missing, 1 injured out of 23 crew

September 03, 2020 7:11 pm

The tanker known as New Diamond, a very large crude carrier (VLCC) was chartered by the Indian Oil Corporation (IOC) and was headed towards the Paradip Port in Odisha, where the state-run oil company operates a three lakh barrel-per-day refinery.

IOC's Q1 net profit falls 47% to Rs 1,910.84 crore

July 31, 2020 3:21 pm

With a good part of the quarter being spent under lockdown where the vehicular movement was sparse, IOC fuel sales fell 29 per cent to 15.25 million tonnes.

Non-subsidised LPG cylinders get dearer by up to Rs 37; here's how much it will cost you now

June 01, 2020 1:42 pm

LPG Cylinder Price Today: This is the first hike in non-subsidised LPG prices by the oil marketing companies (OMCs) after three consecutive months of price cuts.

Non-subsidised LPG cylinder prices reduced sharply; here’s how much it will cost in your city

May 01, 2020 1:35 pm

LPG Cylinder Price in India: This is the third consecutive rate cut in the non-subsidised LPG prices. Generally, prices of LPG cylinders are revised on a monthly basis by the OMCs.


Major disaster averted as fire onboard oil tanker off Sri Lanka is brought under control

September 05, 2020 2:49 pm

The tanker was transporting crude oil from the port of Mina Al Ahmadi in Kuwait to the Indian port of Paradip, where the state-owned Indian Oil Corp. has a refinery.