Indian Oil

  • 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...
  • Petrol pumps in Hyderabad shut to protest raids March 3, 2014

    Hyderabad: Petrol pumps in Hyderabad and other major cities and towns in Andhra Pradesh remained closed for the second day on Monday to protest the crackdown by legal metrology department against some outlets allegedly tampering dispensing units. The flash strike, which began on Sunday evening, continued in the twin cities of...
  • 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....
  • 10 per cent IOC stake to be sold to ONGC, OIL January 17, 2014

    New Delhi: In the first disinvestment through block deal this fiscal, a ministerial panel on Thursday approved selling 10 per cent government stake in Indian Oil Corp (IOC) to ONGC and OIL to rake in Rs 4,800-5,000 crore. With Oil Ministry continuing to be opposed to selling IOC shares on stock...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise January 3, 2014

    Petrol and diesel prices will go up by 75 paise and 50 paise a litre, excluding taxes, from midnight Friday, state-run oil marketing company Indian Oil Corporation said. "Indian Oil Corporation has decided to effect increase in the retail selling price of petrol by Rs. 0.75 per litre excluding state levies...
  • Oil Ministry approves sale of 5-kg LPG cylinders at petrol pumps November 4, 2013

    After the success of pilot programmes in five metro cities, Oil Minister M Veerappa Moily, on Monday, allowed the sale of 5-kg cooking gas (LPG) cylinders at petrol pumps across the country. The scheme, launched on October 5, allowed petrol pumps owned and operated by oil companies in Delhi, Mumbai, Kolkata,...
  • LPG cylinders to be available at petrol pumps in metro cities soon October 2, 2013

    Cooking gas (LPG) will now be available at select petrol pumps in metro cities after the Oil Ministry has allowed sale of small 5-kg cylinders at retail outlets. It has also permitted LPG connection portability, allowing consumers to choose or change cooking gas dealer at press of a button, an official...
  • Petrol price cut by Rs 3.05 per litre, diesel hiked by 50 paise September 30, 2013

    New Delhi: In a good news for the people, petrol price has been cut by Rs 3.05 per litre, the first reduction in rates in over five months and the steepest in over five years. However, diesel price has been hiked by 50 paise per litre. The price changes announced...
  • Indian Oil Corporation win Murugappa Gold Cup hockey September 22, 2013

    Chennai: Indian Oil Corporation survived a brilliant second-half comeback by Indian Overseas Bank to post a 6-4 win in the final of the 88th All-India MCC-Murugappa Gold Cup hockey tournament here Sunday. Leading 4-0 at half-time, IOC, last year's joint winners, turned complacent on resumption and the bankmen capitalised on the...
  • Petrol price hiked by Rs 1.63 per litre, excluding states taxes September 13, 2013

    New Delhi: Petrol will cost Rs 1.63 more per litre, excluding state taxes, from midnight on Friday, state-run Indian Oil Corporation (IOC) announced. The IOC said that it had to hike prices due to volatility in the rupee value and hardening of international motor spirit (MS) prices in the international market. Following are...
  • Cabinet approves 10 pc stake sale in Indian Oil; to fetch Rs 3,750 crore August 1, 2013

    New Delhi: The Cabinet on Thursday cleared the proposal for sale of 10 per cent government stake in Indian Oil Corporation (IOC), which may fetch around Rs 3,750 crore to the exchequer at the current market price. "IOC disinvestment proposal has been cleared by the CCEA (Cabinet Committee on Economic Affairs),"...
  • India to restore subsidised gas supply to Bhutan from August 1 July 31, 2013

    New Delhi: India will restore the supply of subsidised gas to Bhutan from August 1, a month after it was halted and became a campaign issue in the Himalayan Kingdom's second national polls. "We have obtained and completed all clearances - technical and administrative. We are ready to supply the...
  • Mathura: Villagers help unearth crude oil racket worth crores April 13, 2013

    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...
  • Diesel price in Delhi cut by 4 paise per litre April 4, 2013

    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...
  • Non-subsidised LPG price cut by Rs 3 per cylinder April 1, 2013

    New Delhi: 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...
  • SL takes over oil storage depot from IOC March 22, 2013

    New Delhi: A day after India voted in favour of the UN resolution on war crimes in Sri Lanka, sources said diplomatic ties between the two neighbouring countries are beginning to crackdown. On Thursday, Sri Lanka announced plans to partially take over an oil storage depot from the Indian Oil...
  • India rejects reports of SL taking over parts of IOC depot March 21, 2013

    New Delhi: India on Thursday denied reports that Sri Lanka had decided to reposses a part of a strategic oil depot Indian Oil as was announced by Information Minister Keheliya Rambukwella. An official spokesperson of the Ministry of External Affairs said that India has been assured that such reports were...
  • Bomb recovered in front of Indian Oil refinery in Assam February 26, 2013

    Guwahati: 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. Bomb disposal squad...
  • ULFA blasts IOC pipeline, no casualty reported January 29, 2013

    Tinsukia: 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...
  • Diesel price hike may boost refiners, divestment drive January 18, 2013

    Mumbai/New Delhi: India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and gives a boost to private oil refiners looking to enter the market for bulk diesel sales....
  • Implement Lal panel report on IOC fire: Narendra Modi January 9, 2013

    New Delhi: 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. In a letter to Prime Minister Manmohan Singh, Modi questioned...
  • Surat: Fire at IOC storage tank contained January 6, 2013

    Surat: 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...
  • Fire at Surat's IOC storage tank still raging on January 6, 2013

    Surat: 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. Approximately 100 lakh litres of petrol has been lost till now. More than 150 fire tenders from Surat and nearby cities have been fighting the...
  • Major fire breaks out at IOC's storage tank near Surat January 5, 2013

    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. Hazira facility of IOC has nine...
  • 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...
  • Kerala: IOC silent on compensation to Chala fire victims September 17, 2012

    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...
  • 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...
  • Odisha: CISF fires at IOC workers, 7 injured July 2, 2012

    Bhubaneswar: Seven people have been injured in a firing incident at the Paradip oil refinery in Odisha. CISF personnel opened fire at IOC workers at the oil refinery. The firing took place after clashes between the workers union and the CISF personnel. Most of those injured were the IOC workers. The...
  • Petrol price to be cut by Rs 2.46 from midnight June 28, 2012

    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...