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After their protests, land acquisition has been stopped for the refinery at the proposed site at Nanar, a village in Ratnagiri district, some 400 km (250 miles) south of Mumbai, says Fadnavis.

Maharashtra to move planned Saudi Aramco refinery after farmers protest

Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery

19 Feb 2019 12:15 PM

The total area available for the project is over three lakh sqm, of which greenbelt will be developed in an area of over one lakh sqm covering 33 per cent of the total project area. (Photo: File)

IOC gets "green nod" for storage and distribution terminal in Telangana

The proposal involves setting up petroleum storage and distribution terminal.

17 Feb 2019 2:20 PM

The scrip of Indian Oil Corporation Ltd gained 5.54 per cent.

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 8:46 AM

ONGC got over Rs 3,000 crore in dividend income from investments in IOC and GAIL in 2017-18 financial year.

ONGC not in a hurry to offload stake in IOC, GAIL

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

02 Oct 2018 2:29 PM

Iran is open to accepting rupee payment for oil and may use the money to pay for equipments and food items it buys from India.

India to pay in rupees for Iranian oil

India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal.

20 Sep 2018 6:29 PM

At present, CGD authorisation has been given by PNGRB for 92 GAs covering 124 districts spread over 23 States and UTs.

Adani, IOC, BPCL, Torrent big winners of city gas licences

Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities.

17 Sep 2018 1:53 PM

The IOC is pumping in Rs 143.46 crore to set up the plant at Agartala that will have an installed bottling capacity of 60,000 metric tonne per annum (MTPA). (Photo: PTI)

IOC to invest Rs 286 cr to expand LPG bottling output in north-east India

Company currently has 10 bottling plants across north east and these are functioning at over 100 pc utilisation rate.

29 Aug 2018 2:37 PM

The project will need 15,000 acres of land, he said adding the companies are engaged with locals to address their issues.

Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's consent

India has a refining capacity of 232.066 MT, which exceeded the demand of 194.2 MN in 2016-17.

15 Aug 2018 2:41 PM

According to PNGRB, a total of 400 bids were received for the 86 permits on offer.

IOC, BPCL, Adani top bidders for city gas licences

The 9th bid round was being held on changed parameters after one paisa bids spoilt the initial auction rounds.

19 Jul 2018 2:36 PM

On Wednesday, price for petrol was Rs 76.84 per litre in Delhi, while diesel price was Rs 68.47 a litre in the national capital.

Fuel rates remain unchanged for second day in row

The petrol prices in other metro cities are - Rs 79.51 in Kolkata, Rs 84.22 in Mumbai and Rs 79.76 in Chennai.

18 Jul 2018 11:47 AM

Fitch says IOC's net debt levels to rise due to large capex

Fitch expects IOC's capex to remain high to upgrade refineries to meet new emission standards.

16 Jul 2018 3:49 PM

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM

Fuel prices may rise as Saudi Arabia won’t allow glut

Oil cos say no government directive to defer price hike.

12 Apr 2018 1:43 AM

The government has not asked state-owned oil firms so far to avoid raising the retail price of petrol and diesel in view of next month's elections in Karnataka, heads of IOC and HPCL said on Wednesday.

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 Apr 2018 7:45 PM

Shares of IOC fell by 3.71 per cent to end at Rs 177.80.

BPCL, IOC shares fall up to 4 per cent on GAIL stake buy buzz

State-owned IOC and BPCL may buy 26 pc stake each in GAIL India Ltd, paying govt over Rs 20,000 crore each.

19 Mar 2018 6:02 PM

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on November 1 to Rs 495.69. (Photo: PTI)

After Rs 76.5 per cylinder hike, oil cos skip LPG price revision

Non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1.

11 Dec 2017 9:58 AM

An IOC spokesman confirmed this is the first long-term VLCC tender the company has issued. (Photo:IOCL)

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

Shift to five-year contracts would give millions of dollars in tanker contracts to the Indian carriers.

04 Dec 2017 3:44 PM

Indian Oil or IOC is largest refiner in country. (Photo: File)

IOC defers Paradip refinery shutdown to March-April

Plan to defer turnaround at Paradip is aimed at helping co meet govt-set crude processing targets.

20 Oct 2017 5:11 PM

The company's shareholders on Wednesday allowed it to raise up to Rs 25,000 crore debt.

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM

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Farrukh Dhondy