Indian Oil Corporation

Mathura: Villagers help unearth crude oil racket worth crores Mathura: Villagers in Mathura have helped unearth a crude oil racket worth hundred of crores of rupees. Oil was being siphoned off from the main pipeline of Indian Oil Corporation between Salayan in Gujarat and the Mathura refinery.

An FIR has been registered against three persons for allegedly pilfering crude oil. A person named Mukesh had taken some land from Dharmendra near the pipeline in the village and used to steal crude oil from the pipe which was passing from the land, police said. On a tip-off from villagers, police on Friday recovered two valves and about 100 metres pipe used for stealing the oil, they said.

An FIR has been registered against Mukesh, Dharmendra and one more person in the case, SSP Pradeep Yadav said, adding that they all are absconding. "Though the patrolling of the pipeline is done regularly, the pilferage must have been done when the patrolling team had gone to other side," Chief operating Manager Mathura Bharatpur pipeline E Haq said.

The leakage could not be detected since line flow rate was very low. Normally computer detects line flow rate if it is beyond 3 per cent, Haq said. "I am confident that none of our staff is directly or indirectly involved," he said. However to prevent future thefts of crude, a meeting of high officials would be called and ways would be found, he said....more    
10:53 AM, Apr 13, 2013

Diesel price in Delhi cut by 4 paise per litre New Delhi: Indian Oil Corporation (IOC) on Thursday cut price of retail diesel in Delhi by 4 paise per litre with effect from Monday, while subsidised LPG rate was hiked by Rs 11.50 per cylinder in the city. Earlier on March 22, diesel price was hiked nationwide by 45 paise per litre, excluding VAT. It was the third increase in the rate of nation's most consumed fuel since January, 2013....  
01:44 PM, Apr 04, 2013

Non-subsidised LPG price cut by Rs 3 per cylinder The price of non-subsidised cooking gas (LPG) was on Monday reduced by Rs 3 per cylinder in line with fall in international rates. A 14.2-kg LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of 9 subsidised bottles in a year, will cost Rs 901.50 from Monday, according to Indian Oil Corp (IOC). ...  
04:39 PM, Apr 01, 2013

Bomb recovered in front of Indian Oil refinery in Assam A powerful country-made bomb was recovered from a bag near the main gate of the Indian Oil Corporation's ( IOC) oil refinery on Tuesday. The bomb was kept in a bag in front of the gate of the refinery in Noonmati area of the city, police said. ...  
03:15 PM, Feb 26, 2013

ULFA blasts IOC pipeline, no casualty reported An oil pipeline at Makum in upper Assam's Tinsukia district was on Tuesday damaged in an explosion for which United Liberation Front of Assam (ULFA) claimed responsibility. The explosion in the pipeline of the Indian Oil Corporation-Assam Oil Division (AOD) created a 4-ft crater in Pachim Mamarani area, AOD sources said, adding there was no report of any casualty. ...  
05:15 PM, Jan 29, 2013

Implement Lal panel report on IOC fire: Narendra Modi
by IANS
Within days of the fire at Indian Oil Corporation's (IOC) Hazira terminal, Gujarat Chief Minister Narendra Modi on Tuesday questioned the central government over the delay in implementing the MB Lal Committee's recommendations to prevent recurrence of such incidents. ...  
02:26 AM, Jan 09, 2013

Surat: Fire at IOC storage tank contained Three people were killed and one reported missing in the major fire in storage tank number four of the Indian Oil Corporation (IOC) terminal in Hazira which was contained after a 21-hour operation by the fire brigade team on Sunday. Earlier, the bodies of two people had been recovered from near the tank number 4. ...  
12:58 PM, Jan 06, 2013

Fire at Surat's IOC storage tank still raging on The fire that broke out at Indian Oil Corporation's Hazira Depot on Saturday is still raging on and four people have been reportedly missing. ...  
08:06 AM, Jan 06, 2013

Major fire breaks out at IOC's storage tank near Surat A major fire broken out on January 5 at storage tanks of Indian Oil Corporation's terminal at Hajira port here, fire brigade officials said. Fire brigade personnel from Surat and nearby cities were trying to bring the fire under control. ...  
04:35 PM, Jan 05, 2013

Kerala: IOC silent on compensation to Chala fire victims Kannur: The Indian Oil Corporation remains non-committal on giving compensation to the victims of the gas tanker lorry disaster even more than two weeks after the tragedy which claimed the lives of 20 persons including women and children at Chala here. The director board of the IOC, which met in Mumbai on Friday, didnt consider the proposal for giving compensation to the victims and their families. The report concerning the...  
01:50 PM, Sep 17, 2012

Petrol price to be cut by Rs 2.46 from midnight New Delhi: Indian Oil Corporation on Thursday slashed petrol price by Rs 2.46, to be effective from midnight. State-owned oil firms, which had last month hiked petrol price by a massive Rs 7.54 a litre, had on June 3 cut rates by Rs 2.02 per litre. Petrol in Delhi will cost Rs 67.78 a litre with effect from midnight as against Rs 70.24 a litre, three oil marketing companies announced...  
07:38 PM, Jun 28, 2012

Oil companies deny Vayalar Ravi's profit claim New Delhi: Three state-owned oil companies have issued a statement denying that they are making huge profits and stated that the petrol price hike was necessary. The statement came in response to a letter by Overseas Indian Affairs Minister Vayalar Ravi to Oil Minister S Jaipal Reddy saying the claim made by oil companies that they are running in loss seems to be untrue in view of the profits they...  
07:08 AM, Jun 04, 2012

Oil companies making profits: Vayalar Ravi New Delhi: Union Minister for Overseas Affairs Vayalar Ravi on Saturday pushed for reduction in petrol prices and said that the oil marketing companies are making false claims that they are incurring losses. He suggested that bold steps should be taken to reduce the recent increase in petrol prices. In a letter to Union Minister for Petroleum S Jaipal Reddy, Ravi questioned the claims of oil companies that they are...  
08:11 PM, Jun 02, 2012

Hope petrol prices will come down: IOC
by
New Delhi: Indian Oil Corporation (IOC) on Thursday said that the decision to hike the petrol prices was tough but there was no option left to tackle the impact of rising crude prices. IOC Chairperson RS Butola, however, hoped that the prices will come down in the near future. "If government orders us for rollback we will certainly do that but so far we have not received any order," he...  
05:30 PM, May 24, 2012

Cut taxes or face petrol price hike: IOC to govt New Delhi: State-run oil companies have served an ultimatum to the government that they will raise petrol prices by Rs 9.6 a litre if excise duty is not cut or they are not provided compensation for Rs 49-crore per day loss on fuel sale. "We have been very patient, not raising prices since December despite our cost of production spiralling. But there is a limit to which we can borrow...  
06:30 PM, Apr 17, 2012

IOC seeks Rs 8 hike in petrol prices New Delhi: Indian Oil Corporation Chairman RS Butola has asked for a Rs 8 hike in petrol prices. IOC has said that oil manufacturing companies are losing Rs 50 crore on petrol everyday. Petrol prices in India have risen by almost 50 per cent in the past two years. The last petrol hike was in December, 2011. ...  
12:19 PM, Apr 13, 2012

Oil firms to give AI extra fuel for 3 months New Delhi: Air India on Monday got a breather on payment of dues to state-run oil companies, which have restricted fuel supply to it, following the intervention of Civil Aviation Minister Vayalar Ravi who met Petroleum Minister S Jaipal Reddy to sort out the issue. In the meeting, Ravi asked Reddy to direct the oil marketing companies to provide aviation turbine fuel to Air India so that the national carrier...  
09:47 PM, Jun 13, 2011

IOC to hike petrol prices from June 1

New Delhi: State-owned Indian Oil Corporation, the nation's largest fuel retailer, on Tuesday announced that petrol prices will go up by Rs 1.35 per litre with effect from June 1. The IOC says the May 15 hike in petrol prices by Rs 5 is not enough to cover the cost of crude oil and refining it. "Even after the hike, we are losing Rs 4.58 per litre. After including VAT, ...
01:53 PM, May 31, 2011

IOC may hike petrol prices next month New Delhi: State-owned Indian Oil Corporation, the nation's largest fuel retailer, today said it may hike petrol price next month as the steep hike of Rs 5 per litre of May 15 was not enough to cover for the cost of crude oil. "Even after the hike, we are today losing Rs 4.58 per litre. After including VAT, the desired increase at retail level comes to Rs 5.50 a litre,"...  
10:40 AM, May 31, 2011

AI to combine 13 flights due to financial crisis New Delhi: Faced with a twin attack from oil PSUs and operators of Delhi and Hyderabad airports asking it to clear their dues, Air India on Saturday drew up plans to combine13 flights spread over a few sectors till the start of the lean season from mid-June. In a bid to face the fresh financial crisis, the ailing national carrier sent a letter to the Civil Aviation Ministry urging the...  
06:56 PM, May 28, 2011