Indian Oil

  • 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...
  • Petrol pumps in Hyderabad shut to protest raids 03-03-2014 11:50 AM

    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...
  • 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....
  • 10 per cent IOC stake to be sold to ONGC, OIL 17-01-2014 08:10 AM

    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...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise 03-01-2014 07:09 PM

    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...
  • Oil Ministry approves sale of 5-kg LPG cylinders at petrol pumps 04-11-2013 06:47 PM

    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,...
  • LPG cylinders to be available at petrol pumps in metro cities soon 02-10-2013 03:09 PM

    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...
  • Petrol price cut by Rs 3.05 per litre, diesel hiked by 50 paise 30-09-2013 07:37 PM

    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 22-09-2013 11:49 PM

    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...
  • Petrol price hiked by Rs 1.63 per litre, excluding states taxes 13-09-2013 07:05 PM

    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....
  • Cabinet approves 10 pc stake sale in Indian Oil; to fetch Rs 3,750 crore 01-08-2013 09:19 PM

    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...
  • India to restore subsidised gas supply to Bhutan from August 1 31-07-2013 11:18 AM

    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 13-04-2013 10:53 AM

    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 04-04-2013 01:44 PM

    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...
  • 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....
  • No change in petrol prices as rupee firms up 16-12-2011 07:40 PM

    New Delhi: State-owned oil companies on Friday decided not to change petrol prices this fortnight in view of correction in rupee-dollar value. "RBI action has led to rupee correcting by Re 1 per dollar and we feel we should wait for some time before making any changes in retail prices...
  • 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...