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IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Business

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 Sept 2018 1:53 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Business

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 Sept 2018 6:29 PM IST

$\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.$ Business

Petrol price hike by 13 paise; diesel cheaper

Petrol in Delhi will cost Rs 66.10 a litre, diesel will cost Rs 54.57 a litre from midnight tonight.

30 Nov 2016 7:02 PM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Business

Petrol, diesel prices to be revised daily from today

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

1 May 2017 11:35 AM IST

ust as solar light can generate electricity, the water splitting process could do the same via the generation of clean chemical fuel such as hydrogen.

Business

Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91

Petrol currently costs Rs 71.14 a litre in Delhi and diesel is priced at Rs 59.02 per litre.

31 March 2017 11:08 PM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Business

Oil firms corner small fields in first auction

Oil fields went to smaller firms like Megha Engineering & Infrastructure,, Enquest Drilling and Nippon Power.

16 Feb 2017 4:59 PM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

Business

Petrol, diesel prices to change every day from May 1

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

12 April 2017 2:15 PM IST

Business

Indian Oil rolls out daily price change at 26K petrol pumps

Petroleum Ministry tweeted: Proud to share India is first country to switch to dynamic fuel pricing.

17 Jun 2017 12:15 PM IST

Business

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

Business

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM IST

Business

L&T arm bags Rs 1,100 crore contract from Indian Oil

Orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit.

25 Feb 2017 4:09 PM IST

Indian Oil Corp has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. (Photo:IOCL)

Business

Indian oil refiners issue tanker tenders aimed at boosting domestic...

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

4 Dec 2017 3:44 PM IST