Indian Oil Corp

  • IOC to cut petrol prices by 1.2 per cent from Wednesday 15-04-2014 07:00 PM

    Indian Oil Corp Ltd will cut retail prices of petrol by 1.2 per cent from Wednesday as the rupee has strengthened against the dollar since the last revision, it said in a statement on Tuesday. In 2010, the Indian government allowed fuel retailers to charge market rates for petrol and...
  • Diesel price hiked by 50 paise; non-domestic LPG cut by Rs 107 31-01-2014 07:57 PM

    New Delhi: Diesel price was on Friday hiked by 50 paise per litre but there will be no change in petrol rates. The hike will be effective from midnight tonight, is excluding local sales tax or VAT. The actual increase will be higher and will vary from city to city....
  • Now surrender additional LPG connection online 19-11-2012 06:47 PM

    New Delhi: Finding it difficult to surrender the extra cooking gas LPG cylinder you have? Help is now just a click away. Consumers owning more than one LPG connection can now surrender the extra one online. All that they have to do is log-on to their respective company site and...
  • Petrol price hike: Oil companies to meet today 02-01-2012 07:21 AM

    New Delhi: Oil companies will meet on Monday to revise rates of petrol because of the weakening rupee. But any hike will need a political clearance given that Assembly Elections in five states are around the corner. A hike of about Rs 2.10-2.13 per litre in petrol price is likely....
  • Oil companies reduce jet fuel price by 1.3 pc 15-12-2011 07:06 PM

    New Delhi: After three consecutive price hikes, state-owned oil companies on Thursday cut jet fuel rates by 1.3 per cent in step with softening in commodity's international rates. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs 833 per kilolitre (kl), or 1.3...
  • IOC posts worst-ever loss of Rs 7,485 cr in Q2 09-11-2011 05:02 PM

    New Delhi: State-owned Indian Oil Corp, the nation's largest oil firm, on Wednesday reported its worst-ever quarterly net loss of Rs 7,485.55 crore for the second quarter of the 2011-12 financial year due to mounting under-recoveries on fuel sales that were not compensated by the government. The net loss of...