Indian Oil Corp

  • Petrol price likely to be cut on Independence Day August 12, 2014

    New Delhi: Petrol price is likely to be cut on Friday on the back of softening in international rates, Indian Oil Corp, the nation's largest fuel retailer, indicated on Tuesday. "Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates...
  • IOC to cut petrol prices by 1.2 per cent from Wednesday April 15, 2014

    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 later...
  • Diesel price hiked by 50 paise; non-domestic LPG cut by Rs 107 January 31, 2014

    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....
  • Diesel price may go up by Rs 10/litre in next 10 months December 27, 2012

    New Delhi: Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the next two years if a proposal of the Oil Ministry is accepted. The price hike is being considered as the government scrambles to find ways...
  • Now surrender additional LPG connection online November 19, 2012

    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...
  • PSU oil cos seek immediate hike in petrol price August 9, 2012

    New Delhi: With losses widening to Rs 3.56 per litre, public sector oil firms on Thursday sought an immediate hike in petrol price but were unsure if the government will allow them to do so. State-owned oil firms had last hiked petrol price by Rs 0.70 per litre with effect from...
  • IOC hints at up to Rs 1.50 cut in petrol price May 28, 2012

    New Delhi: Days after raising petrol price by a steep Rs 7.54 a litre, nation's largest oil firm Indian Oil Corp (IOC) hinted at a Rs 1.25-1.50 per litre cut in rates later this week. "We will certainly pass on any decline in international oil price to consumers," IOC chairman R...
  • Petrol price hike: Oil companies to meet today January 2, 2012

    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. State-owned oil...
  • Oil companies reduce jet fuel price by 1.3 pc December 15, 2011

    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 per...
  • IOC posts worst-ever loss of Rs 7,485 cr in Q2 November 9, 2011

    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 Rs...