Iran dismisses India's threat to cut oil imports
Iran has dismissed India's decision to cut oil imports from Tehran by a fifth over delay in award of a gas field and said it has other buyers.
Apr 06, 2017, 17:53 PM IST
IOC, BP, HP to spend $20 billion on refinery expansions
India has traditionally been a net exporter of fuel oil, the residue oil left after initial crude refining that is typically used in shipping and power generation.
Oct 28, 2016, 13:25 PM IST
Petrol price hiked by Rs 3.38 per litre, diesel by Rs 2.67/litre
Petrol will now cost Rs 63.47 a litre in Delhi from Thursday as compared to Rs 60.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 52.94 per litre as against Rs 50.27.
Aug 31, 2016, 20:17 PM IST
IOC Q1 profit jumps 25% to Rs 8,269 cr, to issue bonus shares
State-owned Indian Oil Corp (IOC) today reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.
Aug 29, 2016, 17:21 PM IST
IOC, BPCL clinch deal with RIL, Essar to restart diesel buy
New Delhi: State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.
Jun 07, 2016, 17:58 PM IST
Petrol prices up Rs 4.47/litre, diesel Rs 6.46 in last 5 weeks
Petrol price has been hiked by a steep Rs 4.47 a litre and diesel by Rs 6.46 per litre in the last five weeks, taking retail rates to their highest level in one year.
Jun 01, 2016, 14:24 PM IST
PM Narendra Modi inaugurates Indian Oil's Rs 34,555-crore Paradip refinery
Prime Minister Narendra Modi today dedicated to the nation Indian Oil Corp's Rs 34,555 crore refinery here, that has helped the state-owned firm overtake Reliance Industries to again become country's top refiner.
Feb 07, 2016, 13:28 PM IST
Happy New Year: Non-subsidised LPG rates hiked by Rs 50
State run - Indian Oil Corp (IOC) hiked prices of non-subsidised LPG , or cooking gas, cylinders by around Rs.50, effective from Friday.
Jan 01, 2016, 15:21 PM IST
IOC, OIL sign pact with Russian oil firm Rosneft
The MoU document was signed in the presence of the Prime Minister Narendra Modi, and Russian President Vladimir Putin by IOC Chairman B Ashok, OIL Chairman & Managing Director UP Singh and the Chairman of the Rosneft Management Board Igor Sechin.
Nepal ends Indian monopoly over fuel imports, signs deal with China
Nepal on Wednesday signed a MoU with Petro China in order to import all kinds of fuel from China, ending a long-held monopoly of buying fuel from the Indian Oil Corp (IOC).
Oct 29, 2015, 13:28 PM IST
India to pay another $700 mn to Iran on Oct 12
India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in exchange of easing of sanctions, which had crippled its oil economy.
Oct 04, 2015, 11:04 AM IST
IOC to invest Rs 1.5 trillion in seven years
Indian Oil Corp will make an investment of Rs 1.5 lakh crore, including Rs 50,000 crore for expanding its existing brownfield refineries, in the next five to seven years, a top company official said Friday.
Sep 25, 2015, 18:52 PM IST
Govt stake sale not to impact IOC's ratings: Moody's
The government's 10 percent stake sale in Indian Oil Corp (IOC) will not have any impact on the company's ratings, Moody's Investors Service and Fitch Ratings said on Wednesday.
Aug 26, 2015, 15:38 PM IST
Govt sets IOC share sale floor at Rs 387; to raise Rs 9,302 crore
Government on Saturday fixed the floor price for selling its 10 percent stake in Indian Oil Corp (IOC) at Rs 387 a share -- about 2 percent below last closing -- which is likely to fetch Rs 9,302 crore to the exchequer.
Aug 22, 2015, 14:53 PM IST
Petrol price cut by Rs 1.27/litre, diesel by Rs 1.17
Petrol price was cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, with effect from midnight tonight.
Aug 14, 2015, 22:43 PM IST
IOC's Q1 profit doubles on higher refining margin
Net profit of Rs 6,435.70 crore, or Rs 26.51 per share, in the April-June quarter, compared with Rs 2,522.94 crore, or Rs 10.39 a share, net profit in the same period of last fiscal, the company said in a regulatory filing.
Aug 13, 2015, 17:48 PM IST
Construction work for Ennore LNG terminal begins: IOC
The company had inked a memorandum of understanding with the Tamil Nadu government for the project.
Aug 10, 2015, 19:49 PM IST
Crude oil rates likely to remain in current range: IOC chief
"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.
Aug 10, 2015, 19:24 PM IST
IOC commissions oil jetty at Paradip refinery
The South Oil Jetty, which will be used to import and export of oil at high sea, was dedicated to the nation by Shipping and Road Transport Minister Nitin Gadkari at Paradip, a company press release said here.
Jul 10, 2015, 17:29 PM IST
IOC-Adani combine bid for CNG licence in 5 cities
Indian Oil Corp-Adani Gas combine has bid for a licence to retail CNG in five cities including Haridwar in the 5th round of city gas bidding that saw no bids for as many as eight cities.
Jul 07, 2015, 16:15 PM IST
