Indian Oil Corporation Limited: News
30 Apr 2024
BusinessIndian Oil's Q4 profits falls 49% to ₹5,488 crore
Indian Oil Corporation Limited (IOCL) has reported a significant 49% drop in its consolidated net profit for the fourth quarter of the fiscal year 2023-24.
07 Mar 2024
Formula OneIndian Oil ventures into Formula One fuel production
Indian Oil Corporation Limited (IOCL) has unveiled plans to manufacture fuel for Formula One race cars.
01 Feb 2024
IndiaCommercial LPG cylinder costs hiked by Rs. 14: Check rates
Starting today (February 1), commercial LPG cylinder prices have experienced a hike of Rs. 14, as announced by Oil Marketing Companies (OMCs).
24 Jan 2024
BusinessIndian Oil's Q3 profit falls 33% QoQ to Rs. 9,224cr
Indian Oil Corporation Limited (IOCL) announced a consolidated net profit of Rs. 9,224.85 crore for Q3 FY23-24, a significant jump from Rs. 890.28 crore during the same period last year.
12 Jan 2024
Nitin GadkariIndian Oil to open 300 ethanol fuel stations: Nitin Gadkari
India's leading oil refiner Indian Oil Corporation will open 300 ethanol fuel stations, Nitin Gadkari, Minister of Road Transport and Highways of India, said on Friday.
03 Jan 2024
IndiaDoor-to-door fuel delivery now available in India: How to use
In light of the recent truck drivers' protest against the new hit-and-run laws in India, door-to-door fuel delivery services have emerged as a convenient alternative for consumers.
27 Dec 2023
Tamil NaduTamil Nadu: Blast at IOCL's plant in Chennai, 1 dead
One person was killed and another injured in an explosion at the Indian Oil Corporation Limited (IOCL)'s plant at Tondiarpet in Chennai, Tamil Nadu, on Wednesday.
22 Dec 2023
LPG CylinderCommercial LPG cylinder costs slashed by Rs. 39.5: Check rates
In a considerable relief for commercial consumers, state-run oil marketing companies slashed the price of the 19kg commercial liquefied petroleum gas (LPG) cylinder by Rs. 39.5 on Friday.
15 Aug 2023
IndiaHow oil settlement in local currencies will improve India-UAE trade
In a significant development, India and the United Arab Emirates (UAE) completed the first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system.
01 Jun 2023
LPG CylinderCommercial LPG cylinder prices slashed by Rs. 83.50
The price for the 19-kg commercial LPG cylinder has been slashed by Rs. 83.50. The new prices will be applicable from Thursday, Indian Oil said.
01 Nov 2022
LPG CylinderCommercial LPG cylinder price reduced by Rs. 115.5 in Delhi
The price of commercial liquefied petroleum gas (LPG) cylinders has been reduced by Rs. 115.5 in Delhi on Tuesday, bringing the cost of the 19kg cylinder down from Rs. 1,859.5 to Rs. 1,744.
01 Oct 2022
LPG CylinderCommercial LPG cylinder prices slashed by Rs. 25.50; details here
The government released revised rates of the 19-kilogram commercial LPG cylinders in Delhi by slashing Rs. 25.50 on Saturday, reported ANI.
17 Aug 2022
Ministry Of External AffairsBest deal for citizens: Jaishankar on buying oil from Russia
Defending India's decision to buy crude oil from Russia, India's External Affairs Minister S Jaishankar said on Tuesday that he had a moral obligation to ensure the best deal for Indian citizens.
19 Mar 2022
UkraineIndian Oil Corporation buys Russian crude at deep discount: Report
Indian Oil Corporation (IOC), India's biggest oil company, has reached an agreement with a Russian oil company to buy 3 million barrels of crude oil at a steeply discounted price, NDTV reported.
28 Sep 2021
Fuel Price HikeFuel prices see another hike as crude rises above $80/barrel
Petrol price on Tuesday was hiked by 20 paise per liter and diesel by 25 paise as international oil prices crossed the $80 per barrel mark for the first time in three years.
18 Jan 2021
Indian Air ForceThis year's R-Day flypast to feature first woman fighter pilot
Flight lieutenant Bhawana Kanth will become the first woman fighter pilot to participate in the Republic Day parade this year on January 26, officials said on Monday.
02 Dec 2020
Reliance IndustriesReliance Industries tops Fortune India-500 list for second straight year
Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has topped the Fortune India-500 list for the second year in a row.
11 May 2020
ONGC#CareerBytes: Cleared UGC-NET? Here are 5 career opportunities you have
The University Grants Commission (UGC) National Eligibility Test (NET) is one of India's most coveted exams.
09 Mar 2020
Russia NewsPetrol, diesel prices fall; check new rates here
The prices of petrol and diesel fell for the fifth consecutive day on Monday as the global coronavirus outbreak had a ripple effect on crude oil rates.
09 Mar 2020
Russia NewsOil plunges 30% as Saudis begin price war with Russia
Oil prices crashed by 30% on Monday after Saudi Arabia slashed prices launching a price war against Russia.
29 Feb 2020
Bharat Stage 6Petrol, diesel prices to increase from April after BS-VI switch
People across India will soon have to pay more for petrol and diesel as the country upgrades to low-emission Bharat Stage VI fuels from April 1.
19 Feb 2020
EuropeIndia to switch to world's cleanest petrol, diesel from April
Racing ahead to comply with European emission standards, India is set to switch over to the world's cleanest petrol and diesel.
12 Feb 2020
Pradhan Mantri Ujjwala YojanaLPG cylinder price hiked; check new rates here
The state-run oil marketing company Indian Oil Corporation (IOC) on Wednesday increased the rates of LPG cylinders by up to Rs. 149 per cylinder.
02 Jan 2020
ONGC#CareerBytes: What career opportunities do you have after clearing UGC-NET?
The UGC National Eligibility Test (NET), conducted by the National Testing Agency, is one of the toughest exams in India.
01 Jan 2020
Mumbai'New Year's gift': LPG prices hiked for fifth straight month
Liquefied petroleum gas (LPG) cylinder prices were hiked for the fifth consecutive month on Wednesday.
25 Sep 2019
IndiaNow, no more discounts on credit-card payments at petrol pumps
Credit card payments at petrol pumps will not get the 0.75% cashback/discount, starting from October 1.
22 Sep 2019
IndiaPetrol, diesel prices rise in the aftermath of Saudi drone-strikes
According to notifications from Indian Oil Corporation (IOC), prices of petrol have jumped by Rs. 1.59/liter and that of diesel by Rs. 1.31/liter in the last six days- the most since daily price revision was introduced in 2017.
17 Sep 2019
IndiaTop PSUs you can apply for with good GATE-score
The Graduate Aptitude Test in Engineering (GATE) is one of the most competitive exams for engineering graduates.
16 Aug 2019
India#CareerBytes: Top PSUs accepting #GATE2020 score and other important details
After completing engineering, a number of candidates who want to secure a job in Public Sector Undertakings (PSUs) opt for the Graduate Aptitude Test in Engineering (GATE).
11 Aug 2019
IndiaGovernment to use 'leftover cooking oil' to reduce energy imports
In a bid to achieve PM Narendra Modi's goal of reducing India's dependence on energy imports and encourage the biofuel sector, the Center has come up with a new plan.
22 Jul 2019
IndiaWhat are GATE toppers of last few years doing now?
The Graduate Aptitude Test in Engineering (GATE) is one of the country's most competitive exams.
17 Jul 2019
India#CareerBytes: Top PSUs you can apply for with good GATE-score
The Graduate Aptitude Test in Engineering (GATE) is one of the most competitive exams for engineering graduates.
01 Jul 2019
West BengalFrom today, non-subsidized LPG-cylinders to get cheaper by Rs. 100
In what is sure to provide major relief to consumers and households across the nation, Indian Oil Corporation has declared that non-subsidized LPG cylinders will get cheaper by Rs. 100.50 from Monday, July 1.
05 Jan 2019
MumbaiAfter Pune, Mumbai, IOCL starts diesel doorstep-delivery services in Chennai
In what will come as a good news for fleet owners and commercial establishments in Chennai, Indian Oil Corporation (IOCL), Indian state-owned oil and gas company, has recently started its doorstep fuel delivery program in the city.
31 Dec 2018
IndiaGood news! Subsidized LPG cylinder price slashed by Rs. 5.91
For the second time in a month, the price of subsidized domestic cooking gas or LPG has been reduced on account of tax impact on the reduced market rate of the fuel. Subsidized LPG price was slashed by Rs. 5.91/cylinder.
01 Nov 2018
IndiaEnough petroleum supply for countries to cut Iran oil-import: Trump
President Donald Trump said yesterday that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going to face US sanctions from November 5.
14 Oct 2018
Mukesh AmbaniPM Modi to brainstorm with global CEOs on oil scenario
Prime Minister Narendra Modi will tomorrow brainstorm with Chief Executives of top global and Indian oil and gas companies on emerging energy scenario, with ripples from the US sanctions on Iran and volatile oil prices threatening growth.
01 Oct 2018
Mumbai#FuelsOnFire: Petrol price at record high, breaches Rs. 91/liter mark
Petrol price today crossed the Rs. 91-mark in Mumbai while domestic cooking gas, LPG rates breached Rs. 500-level for the first time ever as oil, at a four-year high, pushed fuel prices to new all-time high across the country.
26 Sep 2018
IndiaIndia could stop oil imports from Iran, courtesy US sanctions
With US sanctions on Iran set to kick in, India is reportedly planning on not buying any crude oil from Iran in November.
14 Sep 2018
MumbaiFuel prices hiked; petrol costlier by 28p, diesel up 22p
Petrol and diesel prices today scaled new highs as rates were increased on account of rupee depreciation and rise in international oil rates.
06 Aug 2018
BhopalNow pay at petrol pumps using your thumb!
Gone are the days when you paid cash at petrol pumps for refueling.
01 Aug 2018
State Bank of India (SBI)Indian Oil tops 7 Indian firms on Fortune 500 list
Seven Indian companies have made it to the latest Fortune 500 list of the world's biggest corporations in terms of revenue, with the state-owned Indian Oil Corp (IOC) continuing to be the highest ranked Indian firm and Reliance Industries (RIL) jumping 53 places.
31 Jul 2018
Tamil NaduKerala's robotic scavenger to clean up Tamil Nadu's temple town
Robotic scavenger "Bandicoot", the product of a Kerala-based start-up, would soon be cleaning sewers in the temple town of Kumbakonam in neighboring Tamil Nadu.
23 Jul 2018
IndiaFour ways you can use petrol-pumps apart from refilling fuel
For most, 'petrol-pump' means just a fuel-refilling station. But do you know it can serve us in many more ways?
05 Jul 2018
IndiaPetrol, diesel prices hiked for first time after a month
Petrol and diesel prices were today hiked for the first time in more than a month on the back of rising international rates and weakening rupee.
22 Jun 2018
West BengalDGCA probing altercation between AirAsia staff, passengers: Jayant Sinha
The Directorate General of Civil Aviation (DGCA) has started a probe in an incident in which passengers of an AirAsia India flight from Kolkata to Bagdogra got into an altercation with the airline staff after the flight was delayed by over 4-hours.
21 Jun 2018
KolkataCrying children, vomiting women: AirAsia's flight delay turns horrific
Many passengers on board an AirAsia flight bound for Bagdogra from Kolkata complained of ill-treatment by staff while the aircraft was grounded for over four hours.
20 Jun 2018
ManipurManipur govt to build 20-30 houses per-constituency for flood-hit people
Manipur CM N Biren Singh said his government will build at least 20 houses in each of the 60 Assembly constituencies for people whose homes were destroyed in the recent flood.
15 Jun 2018
Tata Consultancy Services (TCS)Business Roundup: Here are today's top 5 Business news
Here comes your business roundup express loaded with all the business new of the day.
01 Jun 2018
ICICI BankBusiness Roundup: Here are today's top 6 business news
Hola, ready to ride on your business express? Here we go.
30 May 2018
Trinamool CongressComic Relief: Petrol, diesel prices cut only by 1 paisa
The reduction in petrol and diesel prices was today revised by just 1 paisa/liter, with state-owned oil companies blaming clerical error for previously announcing a cut of up to 60 paise.
29 May 2018
Trinamool CongressPetrol prices rise for 16th straight day
Fuel prices are on an unobstructed ascent as petrol and diesel prices climbed again, for the 16th day in a row.
27 May 2018
India#CareerBytes: Government scholarships for Engineering students- Details here
To promote quality education in the field of engineering, the government awards various scholarships to students who want to pursue engineering based on various criteria, including their merit, community, and family's annual income.
22 May 2018
KarnatakaAmid widespread criticism, government assures solution to rising fuel prices
The Center is facing flak from all sides even as fuel prices, which have been rising continuously since the Karnataka elections, touched new highs.
18 May 2018
Petrol Diesel PricesPetrol/diesel prices hiked for 5th day; expected to increase further
Another day, another hike - petrol and diesel prices have now risen for the fifth consecutive day.
15 May 2018
KarnatakaPetrol, diesel prices soar for second day, amid Karnataka results
On Tuesday, petrol prices in the national capital touched Rs. 74.95 per litre. Notably, the petrol prices had hit Rs. 76.06 per litre in September 2013.
14 May 2018
Dharmendra PradhanPetrol prices hiked 17 paise/liter, diesel 21 paise/liter after Karnataka-polls
After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise/liter and diesel by 21 paise/liter as PSU oil firms began passing on the international rates spike to consumers.
10 May 2018
KarnatakaCenter trying to impose 'one-history', 'one-language', 'one-lifestyle' ideology: Chidambaram
Senior Congress leader P Chidambaram yesterday alleged the BJP and RSS were trying to impose autocratic rule in the nation and their main aim was to destroy the federal system and build a Hindu nation.
01 Mar 2018
DelhiLPG cylinders get cheaper by up to Rs. 47
From today, prices of LPG cylinders, both subsidized and non-subsidized, will go down in Delhi, Mumbai, Kolkata and Chennai.
13 Feb 2018
IndiaLPG supply might be hit as tankers go on strike
Thousands of LPG tankers went off the roads yesterday in the South and East in protest against new rules in the tender system.
25 Jan 2018
DelhiOil thieves busted after explosion in secret tunnel
For months, some men stole oil from an underground Indian Oil Corporation (IOC) pipeline in Kakrola that transports petroleum products from Sonepat to Bijwasan.
09 Jan 2018
XBook Indane LPG cylinder on Facebook and Twitter! Here's how
Indian Oil Corporation (IOC) has allowed consumers to book LGP cylinders via SMS, phone or online, but now it has expanded the service to even Facebook and Twitter!
28 Nov 2017
IndiaHow to link Aadhaar with LPG connection
The Indian government allows citizens to receive 12 LPG cylinders every year at subsidized rates.
26 Sep 2017
South KoreaMukesh Ambani's Reliance Industries is world's 3rd largest energy firm
This year, in Platts Top 250 Global Energy Company Rankings, Reliance Industries climbed up five places on the chart and became the world's third-biggest energy firm after Russia's Gazprom and Germany's E.ON.
04 Sep 2017
BengaluruBengaluru: Petrol pump to serve free food while customers refuel
In an impressive initiative to ensure at least some Bengalureans don't skip their meals to reach offices on time, Venkateshwara Service Station (near Indiranagar on Old Madras Road) would serve food to customers who stop to refuel.
04 Sep 2017
KarnatakaKarnataka: Rs. 300cr rain relief package to save drowning Bengaluru
As heavy rains continue to batter Bengaluru, BBMP (Bruhat Bengaluru Mahanagara Palike) is going to roll out a Rs. 300cr rain relief package under Nagarotthana Grant to save the city from floods, water-logging, and other rain-triggered problems.
19 Jul 2017
IndiaCabinet gives in-principle approval for ONGC-HPCL merger
The Cabinet has given an in-principle nod to the merger of state-owned Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum Corporation Ltd (HPCL).
08 Jun 2017
IndiaIran ditches India to sign deal with Russian oil giant
Throwing cold water on India's decade-long expectations, Iran signed the deal for developing the Farzad-B oil fields with Russian energy giant, Gazprom.
18 May 2017
IndiaIraq surpasses Saudi to top Indian oil supplies
Iraq has surpassed Saudi Arabia, to become the top supplier of Oil to India, according to Reuters.
03 May 2017
IndiaIndian mulls Iranian oil import cut over gas field row
India is reportedly planning to cut its crude oil imports from Iran by a quarter of what was bought last year.
30 Apr 2017
IndiaNo agreements will be signed during Modi's Lanka visit: Sirisena
Amidst speculation relating to signing of major Indo-Sri Lanka deals during PM Modi's visit to Sri Lanka, Sri Lankan President Maithripala Sirisena clarified that no agreements would be signed.
19 Apr 2017
IndiaGovernment aims to raise Rs.72,500cr from disinvestment plan for 2017-18
The government kick-started the process of selling minority stake in seven PSUs, including blue-chips like Indian Oil Corporation and Steel Authority of India.
03 Feb 2017
Arun JaitleyOil PSUs to merge into a giant company
Major oil PSUs will be combined to form a behemoth oil company, FM Arun Jaitley announced in the Budget 2017-18.
08 Nov 2016
IndiaOil India sets up Rs.50 crore start-up fund
Assam-based Oil India Limited announced that the company set up the Oil India start-up fund of Rs.50 crore to boost new entrepreneurs and ideas for India's oil sector.
11 Oct 2016
Bharat PetroleumBharat Petroleum to raise $500 million through bonds
Indian oil giant Bharat Petroleum is set to raise nearly $500 million in funds through issuing bonds or via external commercial borrowing.
