Indian Oil Corporation (IOC)

Order of the National Green Tribunal regarding the deplorable condition of a water tank, Golconda Fort, Hyderabad, Telangana, 05/06/2025

Order of the National Green Tribunal in the matter of In Re: News Item Titled "Neglected Katora Houz in Hyderabad’s Golconda Fort Cries for attention appearing in ‘The Siasat Daily’ dated 25 May 2025". The application was registered suo-motu based on the news item titled “Neglected Katora Houz in Hyderabad’s …

IndianOil to set up refinery in Sri Lanka for Rs 20,000 cr

To be second Indian company after Essar to have a refinery abroad Indian Oil Corporation (IOC) will set up its first refinery outside India with an investment of up to Rs 20,000 crore in Sri Lanka. It will thus become the second Indian company to have a refinery abroad. The …

Fuel prices see state-wise change

Petrol, diesel prices rise in some states, fall in some after adjustment in surcharge Oil marketing companies (OMCs) have reworked the surcharge paid towards various state levies. This has led to prices of petroleum products increasing in states such as Maharashtra, Assam and West Bengal and declining in others such …

All fuels to cost more in Mumbai

Mumbai: Mumbaikars will have to pay more on all petroleum products they use in their daily lives such as petrol, diesel, cooking gas and kerosene after the oil marketing firms recalibrated rates to reflect the changes in local levies on Wednesday. The new prices, effective Thursday, will result in petrol …

Petrol prices increased by 70-89 paise

New Delhi After three consecutive price cuts in petrol since the first week of June, oil marketing companies IOC, HPCL and BPCL on Monday raised the price by 70-89 paise a litre citing increase in global oil prices and movement in the rupee-dollar exchange rate. With this price revision, petrol …

China puts Indian oil block up for auction

Drawing India into the South China Sea muddle, China has put up a Vietnamese petroleum block under exploration by an Indian oil firm for global bidding. While the move was meant to counter a Hanoi legislation asserting the country’s control over offshore areas and islands, which Beijing considers disputed, it …

Hiranandani to invest Rs 3k cr for Haldia LNG terminal

The Hiranandani Group has drawn up plans to invest about Rs 3,000 crore to set up four-million-tonne (mt) liquefied natural gas (LNG) terminal at Haldia in West Bengal, a move that will help the Mumbai-based group cater to the needs of the eastern India market. In October last year, Business …

Oil companies plan to weed out multiple LPG connections

Do you have more than one cooking gas connection at home? If yes, you better watch out. National oil companies — Indian Oil, Bharat Petroleum and Hindustan Petroleum — have begun the process of identifying those with multiple connections. Such customers must either surrender the extra connections or face the …

8 Indian Cos in Fortune 500 List

Out of eight, five are state-run cos; Indian Oil & RIL find place in the top 100. Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out …

Livelihood: Fishermen protest constructions over river

PARADIP: Hundreds of fishermen staged a demonstration in front of the oil refinery project of IOCL on Monday demanding removal of encroachments over the Atharbanki Haldiapani river. Nearly 5,000 fishermen families from Gandikipur, Gopiakuda, Kaliapata, Taladanda, Duadia, Kabalpur, Hansina, Bariha, Fatehpur, Bishali, Paradipgada and Mangarajpur depend on the river, a …

Petrol prices cut by up to R3.22/litre

New Delhi The sharp fall in petrol prices in Asian markets paved the way for oil marketing companies to reduce petrol prices by R2.46 per litre to R3.22 per litre to provide a much needed relief to consumers. This is the second consecutive price cut by the oil marketing companies …

Petrol cheaper by Rs 2.50 in Delhi

Breaking the mould of fortnightly revision, market leader Indian Oil Corp (IOC) cut the retail price of petrol by Rs 2.46 to Rs 3.22 a litre from Thursday midnight to “partially” pass on the benefit of low gasoline prices to consumers. “It has been decided to revise motor spirit prices …

Indian and Chinese energy firms to renew pact

Oil and Natural Gas Corp (ONGC) and China National Petroleum Corp (CNPC) will renew a co-operation pact in areas such as exploration, an Indian oil ministry official said. The energy-hungry Asian nations - widely blamed for a record rise in oil prices - usually compete for stakes in foreign oil …

PSU Oilcos Forced to Buy Diesel From RIL, Essar at Market Rates

Private oil companies, which have been pushed out of the fuel retail market because of cheap sales by state-run rivals, are having the last laugh as diesel demand has risen so rapidly that public-sector firms are forced to buy more fuel from Reliance and Essar at international rates. State oil …

Power cos turn to LNG as coal, gas output stagnates

New Delhi The stagnation in domestic gas and coal production has led to a revival of interest in the liquefied natural gas (LNG) business, despite it being the most expensive fuel for power generation. Among the growing list of energy companies looking at the LNG business are government-run Indian Oil …

Petrol price may be cut by up to 2 a litre soon

Mumbai:Petrol car owners may soon heave a sigh of relief as oil marketing firms are expected to cut the prices by up to Rs 2 per litre on Friday due to international crude prices declining. Crude prices, which fell to $96.5 per barrel on Wednesday, the lowest level in the …

CCI to write to oil firms on raising prices in unison

The Competition Commission of India (CCI) has questioned the coordinated pricing strategy of state-owned oil marketing companies (OMCs). It plans to write to these companies over the matter soon. “The coordinated approach of OMCs is not only impacting consumer interest, it is also likely to create entry barriers for private …

Odisha, IOCL to ink MoU to fast track Rs 28,000-cr refinery

With the Rs 28,000-crore refinery project of Indian Oil Corporation Ltd (IOCL) at Paradip under a cloud of delay, the Odisha government has decided to ink an MoU (Memorandum of Understanding) with the oil marketing firm to stipulate timeline and milestones for commissioning of the project. IOCL being the anchor …

Oil firm says work on pipeline won’t affect forests

The much-delayed oil pipeline from Paradip to Ranchi via Raipur may see light of day soon. After serious objections by Principal Chief Conservator of Forest (wildlife) over passage of the pipeline through densely forested areas, Indian Oil is ready to clarify its views during the State Advisory Group meeting later …

Environmental Awareness Programme launched

DIBRUGARH, May 31: The Environmental Awareness Programme was launched by Indian Oil Corporation Limited (IOCL), Assam Oil Division (AOD) from May 30 as a curtain-raiser to the World Environment Day celebration. This was done in order for generating knowledge about the environment and the importance of green action for growth …

Petrol may become cheaper by 2/L

New Delhi: State-run fuel retailers are expected to announce a reduction of between Rs 1.50 and Rs 2 a litre in petrol price on Friday. The cut, once announced, will come into effect from June 1. The cut will bring some succour to consumers from the steepest-ever increase — Rs …

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