Indian Oil Corporation

India pays in rupee for oil imported from UAE, for the first time

27 Dec 2023

India’s bid to trade in local currency, the rupee, seems to have finally found traction. The United Arab Emirates (UAE) has accepted payment for crude oil in rupee, for the first time.

Oil marketing companies to set up 7,432 EV charging stations

14 Dec 2023

The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.

Metropolitan LPG cylinder prices surge by Rs 100 for 19-Kg commercial cylinders – stay updated on current rates

01 Nov 2023

Indian state-backed oil marketing companies, or OMCs, have increased the price of their 19-kg commercial liquefied petroleum gas (LPG) cylinders by about Rs 100.

IOC Q4 net profit up 79% at Rs8,781 crore on lower tax outgo

24 May 2021

IndianOil Q3 net more than doubles to Rs4,917 cr, despite lower sales

15 Feb 2021

Indian Oil nears term deal for 720,000 tonne fuel exports to Mauritius:

21 Aug 2020

Indian Oil’s Q1 net profit plunges 47% to Rs1,911 cr

03 Aug 2020

Indian Oil’s Mathura refinery now produces 100% BS-VI compliant fuels

10 Feb 2020

Indian Oil, Israel's Phinergy enter Al-Air battery joint venture

10 Feb 2020

IOCL signs first term contract for importing Russian crude oil

06 Feb 2020

IndianOil to buy 3 million tonne US crude oil worth $1.5 bn in FY20

18 Feb 2019

Adani Group proposes Rs12,000-cr investments in TN

24 Jan 2019

Public sector Indian Oil Corporation Ltd also announced plans to invest Rs16,641 crore across various projects in the state, taking first-day investment proposal at the global investors summit to over Rs28,000 crore

Without curbs India's oil demand seen hitting 500 mtpa by 2040

25 Sep 2018

A spike in demand to 10 bpd a month could push up India’s oil import bill to about $27 billion (at current prices) a month and to about $34 billion a month at $100 per barrel

IOC plans Rs1.75 lakh crore capex in massive expansion

06 Aug 2018

Adani Ports to provide LNG re-gasification services to IOC at Dhamra

17 Apr 2018

Saudi Aramco signs MoU for 50:50 mega refinery JV in Ratnagiri

11 Apr 2018

Saudi Aaramco along with a strategic partner and an Indian consortium comprising Indian Oil, Bharat Petroleum and Hindustan Petroleum will invest an estimated Rs3,00,000 crore to build the 1.2-million bpd Ratnagiri Refinery and Petrochemicals Ltd

IOC begins doorstep delivery of diesel

19 Mar 2018

ONGC to sell stake in IOC, GAIL, but only when price is right

23 Jan 2018

The oil explorer has got government approval to sell its stake in Indian Oil Corp and GAIL to help its Rs37,000 crore acquisition of Hindustan Petroleum Corp, though the immediate funds will come from short-term borrowing

Indian Oil ties up with Ola for first EV charging station in Nagpur

20 Nov 2017

Indian Oil Corp’ Singapore arm starts trading in crude oil: report

08 Nov 2017

First US oil shipment arrives at Paradip; comes cheaper than Dubai oil

03 Oct 2017

The first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation from the US Gulf Coast refiners has arrived at Paradip Port in Odisha priced $2 per barrel cheaper than the Dubai crude that India often buys

Indian Oil leads 7 in Fortune 500 India list; Walmart tops

22 Jul 2017

Seven Indian companies led by Indian Oil have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue

Indian Oil Corp strikes first US crude import deal

10 Jul 2017

Oil PSUs sign pact for 60 million tonne west coast refinery

15 Jun 2017

The three OMCs - IOC, BPCL, HPCL- together have a refining capacity of 139 million tonnes, which will reach 200 million tonnes with the setting up of the $30 million West Coast refinery

Indian Oil Corp in pact to meet Nepal’s POL needs for next 5 years

28 Mar 2017