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The Latest Breaking News from Indian Oil Corporation

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from refining. The company celebrated record highs in crude throughput and a drop in fuel losses, with petrol and diesel sales reaching impressive quarterly figures.…

The Economic Times

By how much will E20 petrol reduce your car's mileage? One ministry says one thing, another says another

The Road ministry said E20 petrol might hit your mileage by 2-6%, based on a study by ARAI, SIAM, and Indian Oil Corporation. The statement sparked a buzz because just a few days earlier, Petroleum ministry had given a different figure.

The Economic Times

IndianOil says no nationwide fuel shortage; supply issues at some outlets 'highly localised'

Indian Oil Corporation assures no nationwide petrol and diesel shortage, attributing reported outages to localised, temporary demand-supply mismatches. Factors include seasonal harvesting needs, customer shifts from higher-priced private pumps, and increased institutional purchases. The company maintains adequate stocks and is addressing isolated disruptions to ensure uninterrupted supplies.

The Economic Times

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S&P flags pressure on Indian Oil as high crude prices squeeze margins

S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs…

The Economic Times

IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%

Indian Oil Corporation announced a significant 78% jump in net profit for the March quarter. Revenue also saw a healthy increase. The company's board recommended a final dividend for shareholders. Despite global uncertainties, IOC's profitability remained strong. Financial metrics like debt-to-equity ratio and profit margins showed improvement.

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Commercial LPG Prices Surge for Third Month Amid Global Energy Spike

Commercial LPG cylinder prices have witnessed a sharp increase for the third month in a row, driven by rising global energy costs linked to ongoing tensions in West Asia and disruptions in key supply routes.

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Indian Oil’s Chhotu LPG: No Booking, Just Go

Imagine running out of gas in the middle of cooking No backup. No time. No help. And then someone says Just walk out and buy a cylinder instantly. Sounds impossible, right? But Indian Oil Corporation just made it real. No booking. No waiting. No long process Just pick it up…

MyLifeXP

Indian Oil, TMI e2E Academy bag award for programme on customer service

Indian Oil Corporation and TMI Group win Brandon Hall Gold award for innovative customer service training programme.

The Hindu

IOCL distributes sports kits at Government Observation Home for Boys

Indian Oil Corporation launches 'Nayi Disha- Smile for Juveniles' program, providing sports kits and coaching to inmates.

The Hindu

Free workshop on dementia

Chennai's Dementia India Alliance and Indian Oil Corporation are hosting a free workshop on dementia on Saturday. Collaborators DemCares, Heritage Foundation and Centre for Ageing at MSSW will provide a session on ‘Caring for dementia’ and an activity-based workshop. Open to caregivers, healthcare professionals, doctors, psychologists, social workers, nurses and…

The Hindu

Indian Oil Corporation ends Railways’ dominance with shootout victory to the claim title

Senior women’s inter-department championships

The Hindu

IndianOil unveils India's first green hydrogen-run bus that emits just water

Indian Oil Corporation unveils India's first green hydrogen-powered bus; Oil Minister Hardeep Singh Puri flags off two buses for trial runs, with plans to scale up to 15 by 2023. Hydrogen emits only water vapour, has 3x energy density, and is a cleaner, more efficient choice to meet energy needs.

The Hindu

TDB to open gas distribution agency

TDB president K. Ananthagopan will lay the foundation stone of an Indian Oil Corporation warehouse at Nilackal

The Hindu

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The Hindu

HOCKEY | Defending champion IOC knocked out by Central Secretariat

Defending champ IOC knocked out of hockey tourney by Central Secretariat; Army, PNB, Karnataka, Railways reach semis.

The Hindu

HOCKEY | Indian Oil Corporation weathers a fighback from Indian Navy before prevailing

.IOC wins 4-2 over Navy in 94th MCC-Murugappa Gold Cup All-India hockey tournament. Hockey Karnataka and PNB also prevail in Group-A and B matches. IOC's clever penalty corner move and Roshan Minz's close-range goal secure victory. Central Secretariat and Indian Army suffer defeats.

The Hindu

Mobile fuel dispensers gain popularity in Northeast India

The region has more door-to-door diesel delivery trucks than most parts of India, Indian Oil Corporation officials said

Dynamite News

Business: Prices of commercial LPG cylinders cut by Rs 36

According to a notification from Indian Oil Corporation (IOC), a 19-kg cylinder will now cost Rs 1,976.50 in New Delhi, Rs 2,095.50 in Kolkata, Rs 1,936.50 in Mumbai and Rs 2,141.00 in Chennai. Read more on Dynamite News:

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The Times of India

Sri Lanka IOC provides fuel as government pumps go dry in island nation

COLOMBO: Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka, kept its pumps open throughout Tuesday as the cash-starved government's fuel entity's fuel stations did not operate in the island nation due to the worsening energy crisis.

The Hindu

IOC plans to transport fuel to Tripura via Bangladesh following Assam flood

After a rail link connecting crucial States with the rest of the country was washed away earlier this month, the company started moving all its supplies by road via Meghalaya, bearing more than double the cost

The Hindu

Ujjwala scheme | 90 lakh beneficiaries do not get refills

Over 1 crore got refills only once, shows RTI reply

The Hindu

Jaishankar visits Lanka IOC to take stock of fuel supply situation

Colombo External Affairs Minister S. Jaishankar on March 28 visited Lanka IOC, the local subsidiary

The Times of India

Indian Oil Corporation buys Russian crude at deep discount

NEW DELHI: Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said.

The Times of India

IOC employs 9 Indian women’s hockey team players

NEW DELHI: In a first, as many as nine players of the Indian women's hockey team have been given employment at the nation's top energy firm Indian Oil Corporation (IOC) as part of its policy to promote sports and women's hockey.

The Times of India

Ukraine war cuts gas supply to Lucknow by 20%

LUCKNOW: After the rise in prices of natural gas due to the ongoing Russia-Ukraine war, Green Gas Limited (a joint venture of GAIL and Indian Oil Corporation) has reduced the supply in Lucknow by 20%.

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