IOC to invest Rs 15,000 cr to raise Panipat refinery capacity
Indian Oil Corp, nation's largest oil firm, plans to invest about Rs 15,000 crore in raising capacity at its Panipat refinery in Haryana by 34 percent to 20.2 million tonnes (MT) by 2020.
Jun 08, 2015, 13:14 PM IST
Indian Oil Corp to infuse Rs 1,000 crore in CPCL
The Board of CPCL on Saturday decided to increase the authorised share capital of the company from Rs 400 crore (40 crore shares of Rs 10 each) to Rs 1,400 crore, the company said in a stock exchange filing.
May 25, 2015, 16:14 PM IST
Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL
Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.
May 22, 2015, 11:44 AM IST
Indian Oil returns to seek jet fuel, kerosene
Indian Oil Corp (IOC) is seeking a total of 15,500 tonnes of jet fuel and superior kerosene for June 15-17 arrival at Chennai and Vasco in Goa, likely the third time this year the state-owned refiner is looking to import middle distillates.
May 20, 2015, 14:08 PM IST
Petrol price hiked by Rs 3.13 per litre, diesel by Rs 2.71
The hike, which comes on the back of Rs 3.96 per litre increase in petrol and Rs 2.37 a litre raise in diesel from May 1, will be effective from midnight tonight.
May 15, 2015, 19:52 PM IST
Petrol price hiked by Rs 3.13, diesel by Rs 2.71 per litre
Prices of petrol in Delhi will be Rs 66.29 a litre as against the current Rs 63.16; while diesel will cost Rs 52.28 per litre as against Rs 49.57.
May 15, 2015, 18:34 PM IST
Petrol price cut by Rs 0.80/litre, diesel by Rs 1.30/litre
Petrol price was Wednesday cut by 80 paise per litre and diesel by Rs 1.30 a litre on global cues, the second reduction in rates this month.
Apr 15, 2015, 20:37 PM IST
IOC refineries to process 55 mn ton crude in FY16
Indian Oil Corp, the nation's largest oil refiner, plans to process 55 million tons of crude oil into fuel in the 2015-16 fiscal, IOC Director (Refineries) Sanjiv Singh said today.
Apr 01, 2015, 22:07 PM IST
Petrol prices cut by 49 paise/litre, diesel by Rs 1.21; CNG rates by 60 paise
After two consecutive hikes, petrol prices were Wednesday cut by 49 paise per litre and diesel by Rs 1.21 a litre on softening international oil rates.
Apr 01, 2015, 13:26 PM IST
IOC to invest Rs 7,812 crore for expansion
Indian Oil Corp (IOC), the nation's largest oil firm, today said it will invest Rs 7,812 crore in fuel quality upgradation projects at two key refineries as well as other expansion projects.
Feb 16, 2015, 19:36 PM IST
FinMin postpones merchant banker selection for IOC stake sale
The selection of merchant banker to manage the sale of government's 10 percent stake in bluechip Indian Oil Corp (IOC) has been postponed, the Finance ministry said on Thursday.
Feb 05, 2015, 19:38 PM IST
India asks refiners to cut Iran oil imports ahead of Obama visit: Sources
India has asked its refiners to slash oil buys from Iran in the next two months to keep the imports in line with the previous fiscal year`s levels, sources with knowledge of the matter said, days ahead of President Barack Obama`s visit to New Delhi.
Jan 22, 2015, 21:59 PM IST
Cabinet likely to consider sale of stake in Indian Oil today
CCEA will discuss the possible sale of a 10 percent stake in Indian Oil Corp as the government finds ways to meet its fiscal deficit target.
Jan 21, 2015, 09:23 AM IST
IOC yet to start work on Rs 5,150-cr LNG project
State-owned Indian Oil Corp (IOC) Monday said it is yet to commence work on a Rs 5,150 crore liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu.
Jan 12, 2015, 18:43 PM IST
Subsidy relief buzz: Oil India, ONGC shares gain 3%
Shares of Oil India Ltd and ONGC Friday rose by about 3 percent following a report that government is likely to exempt the state-run firms from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around USD 50 per barrel.
Jan 09, 2015, 19:27 PM IST
IOC to commence commissioning Paradip refinery from Q1 of 2015
Indian Oil Corp (IOC), the nation's biggest company, will begin commissioning of its long-delayed Rs 34,500 crore Paradip refinery from the first quarter of 2015.
Jan 01, 2015, 17:41 PM IST
India makes another $400 mn payment to Iran
Mangalore Refinery and Petrochemicals Ltd, the nation's largest buyer in the public sector, paid USD 154 million (about Rs 950 crore), while private sector Essar Oil paid about USD 201 million, industry sources said.
Nov 20, 2014, 15:07 PM IST
India pays $400 million in oil dues to Iran
India on Tuesday paid Iran USD 400 million to clear part of its past dues for crude oil its buys from the Persian Gulf nation and will pay another USD 500 million by the month end.
Oct 21, 2014, 19:13 PM IST
Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin
With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.
Oct 02, 2014, 18:39 PM IST
Jet fuel price cut by 3%
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by three percent to Rs 67,525.63 per kl with effect from midnight tonight
Sep 30, 2014, 20:19 PM IST
