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The Latest Breaking News from Indian Oil

India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

The Economic Times

No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

The Economic Times

E85 vs Petrol: How much does it cost, why is it cheaper, and who can use it?

India has launched E85 ethanol-blended fuel in Delhi, priced significantly lower than standard petrol. This move aims to reduce crude oil dependence and promote cleaner mobility. While fuel efficiency may decrease, the cost savings and planned expansion of dispensing stations are expected to drive adoption of flex-fuel technology.

The Economic Times

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Petrol, diesel prices hiked for first time in 4 years; fuel retailers still face a gap of Rs 15-20/litre on sales

India is the world’s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday’s increase suggests it is beginning to restore a balance…

The Economic Times

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

The Economic Times

Exxon Mobil Reportedly Sells Guyanese Oil To Indian Refiners

Exxon Mobil Corporation (NYSE:XOM) reportedly sold 4 million barrels of Guyanese crude oil to Indian Oil Corp. and Hindustan Petroleum Corp. in India.

Benzinga

Vijay Nayudu, CK Nayudu’s grandson passes away

MUMBAI: Vijay Nayudu, grandson of India's first Test captain CK Nayudu, passed away in the Kokilaben Hospital in Andheri on Wednesday due to cancer. He was 79. He is survived by wife, daughter Preeti, and son Varun.

The Times of India

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IOCL exports premium fuel to Sri Lanka

Indian Oil exports XP100 premium fuel to Sri Lanka, tailored for high-end vehicles, showcasing India's quality products globally.

The Hindu

Ankita Raina, Ramkumar Ramanathan emerge Petroleum champions

Ankita Raina and Ramkumar Ramanathan win 42nd PSPB inter-unit tennis tournament, with Ramkumar and Ankita emerging as champions.

The Hindu

Ankita Raina and Riya Sachdeva power ONGC to women’s final

Ankita Raina and Riya Sachdeva lead ONGC to victory in PSPB inter-unit tennis tournament semifinals.

The Hindu

Indane’s voice response system resumes regional language services

Indane's IVRS resumed regional language services after 3 days of providing only Hindi and English. Consumers complained about not understanding Hindi and lack of prior notice. Indian Oil apologized for the inconvenience and thanked customers for their patience.

The Hindu

Indian Oil to adopt smart tech to keep an eye on LPG truck drivers

CVTMS, driver status monitoring system for 24,000 such vehicles on contract pan India under consideration of the oil company.

The Hindu

Assam Ujjwala beneficiaries offered 5 kg LPG cylinder as ‘affordable’ option

The Indian Oil Corporation Limited offers two 5 kg LPG cylinders as a refill package to PMUY beneficiaries, who are unable to afford the standard 14.2 kg cylinder, in Assam.

The Hindu

IOCL introduces petrol blended with 20% ethanol in T.N.

Indian Oil Corporation Ltd. (IOCL) State head and Executive Director V. C. Asokan on Thursday announced that the company recently launched E20, petrol blended with 20% ethanol in 26 fuel outlets in the State. By March 2024, 66 more outlets will have this fuel

The Hindu

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The Hindu

India refiners start yuan payments for Russian oil imports, say sources

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.

The Hindu

Host of activities lined up in Telangana for Saksham 2023

A comprehensive plan has been drawn up by the participating companies — Indian Oil, HPCL, BPCL and GAIL — in partnership with Petroleum Conservation Research Association to reach out to various sections of society with activities to create awareness.

The Times of India

BPCL, Indian Oil give walkovers in Times Shield

MUMBAI: In a shocking development, defending champions Bharat Petroleum Corporation Ltd and Indian Oil gave walkovers to their opponents after failing to turn up on the ground due to the non-availability of players on the opening day of the first round of the 92nd Times Shield tournament 'A' Division matches…

Reuters

Cheetahs return to India after 70-year absence

Eight radio-collared African cheetahs step out on to the grassland of Kuno National Park in central India, their final destination after a 5,000-mile (8,000 km) journey from Namibia that has drawn criticism from some conservationists.

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The Hindu

Indane LPG cylinder booking system under recovery after crash

‘Indian Oil along with IBM and Oracle are working to restore system at the earliest’

The Hindu

Indian Oil launches XtraGreen diesel in State

It is a more eco-friendly variant that has lower sulphur content

The Times of India

Uttar Pradesh: Indian Oil to launch quiz for teens

LUCKNOW: Indian Oil, in association with the state government, is set to conduct a heritage quiz with prize money of Rs 10 lakh for the winner.

The Times of India

GM Praggnanandhaa receives tenure-based engagement letter from Indian Oil

CHENNAI: Young Indian Grandmaster R Praggnanandhaa has been roped in by Indian Oil and would be receiving all the backing from the PSU major, according to a top official.

The Times of India

Lucknow: Indian Oil introduces 5 kg 'Chhotu' door-to-door gas cylinder service

LUCKNOW: In a major relief to students living in paying guest houses, migrant labor, street vendors, under privileged, or anyone who does not have LPG connection in the city limits, the Indian oil has introduced 5 kg "Chhotu" door-to-door gas cylinder service.

The Hindu

Petrol price crosses ₹120 mark in Andhra Pradesh

It is highest in south and second highest in the country after Maharashtra

The Times of India

Diesel price crosses Rs 103-mark in Mumbai, petrol at Rs 118.83

MUMBAI: The price of diesel in Mumbai breached the Rs 103-mark on Monday, with the fuel being sold at Rs 103.07 per litre at the Indian Oil pumps this morning. Petrol price was hiked to an all time high of Rs 118.83 per litre in the city.

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