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  • Indian Oil removes Russian Urals from latest tender, sources say Apr 12, 2022 01:12 PM IST

    Indian Oil removes Russian Urals from latest tender, sources say

    India's top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, the sources said.

  • India increasing ethanol storage, targets 20% blended gasoline by 2025 Mar 04, 2022 01:05 PM IST

    India increasing ethanol storage, targets 20% blended gasoline by 2025

    India is the world’s third biggest oil importer and relies on foreign suppliers to meet more than 80 percent of its demand.

  • Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal Mar 03, 2022 04:44 PM IST

    Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

    IOC said it will supply gasoil, gasoline and jet fuel to Sri Lanka over the next 4-5 months.

  • Apollo Hospitals replaces IOC in Nifty50 as NSE revises eligibility norms, swaps stocks in key indices Feb 24, 2022 11:04 PM IST

    Apollo Hospitals replaces IOC in Nifty50 as NSE revises eligibility norms, swaps stocks in key indices

    Apollo Hospitals Enterprise Ltd will replace Indian Oil Corporation Ltd in Nifty50.

  • Apollo Hospitals will replace IOC in Nifty50, expects Edelweiss Research Jan 20, 2022 01:21 PM IST

    Apollo Hospitals will replace IOC in Nifty50, expects Edelweiss Research

    Edelweiss expects an inflow of $175 million in the stock after inclusion in the benchmark index while IOC could see around $100 million outflow

  • Joint oil procurement to cut import bill, says Hardeep Singh Puri Oct 22, 2021 10:07 PM IST

    Joint oil procurement to cut import bill, says Hardeep Singh Puri

    As the country grapples with record-high fuel prices, he said joint procurement will bring better bargaining power and help cut the import bill.

  • IOC expects 100% refinery run within a quarter as fuel demand returns Oct 22, 2021 04:29 PM IST

    IOC expects 100% refinery run within a quarter as fuel demand returns

    Speaking at India Energy Forum by CERAWeek, he said petrol and cooking gas LPG demand is already above pe-COVID levels and diesel – the most consumed fuel in the country – is inching back to normalcy.

  • IOC to invest Rs 1 lakh crore to expand refining capacity: Chairman Shrikant Madhav Vaidya Aug 27, 2021 03:01 PM IST

    IOC to invest Rs 1 lakh crore to expand refining capacity: Chairman Shrikant Madhav Vaidya

    Addressing the company's annual meeting of shareholders, IOC Chairman Shrikant Madhav Vaidya said petrol demand is already back at pre-COVID levels and diesel - the most used fuel in the country - should return to normal levels by Diwali.

  • Indian firms plan to invest $27 billion to boost refining capacity by 2025 Aug 04, 2021 06:00 PM IST

    Indian firms plan to invest $27 billion to boost refining capacity by 2025

    'The refining industry has been modernized and upgraded continuously with the indigenous and imported technologies for refining cost reduction' and product upgrading, Teli said.

  • Indian refiners process less crude in April as pandemic stalls activity May 21, 2021 09:45 PM IST

    Indian refiners process less crude in April as pandemic stalls activity

    A second wave of virus infections have forced several states to impose stricter restrictions to limit the movement of people, impacting industrial activities and fuel consumption.

  • Indian state refiners prepare to cut May Saudi oil imports Mar 16, 2021 10:20 PM IST

    Indian state refiners prepare to cut May Saudi oil imports

    Indian Oil Corp, Bharat Petroleum Corp., Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are preparing to lift about 10.8 million barrels in May, the sources said on condition of anonymity.

  • India asks refiners to diversify, cut reliance on Middle East oil after OPEC+ decision Mar 09, 2021 04:58 PM IST

    India asks refiners to diversify, cut reliance on Middle East oil after OPEC+ decision

    India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery. In response, the Saudi energy minister told India to dip into strategic reserves filled with cheaper oil bought last year.

  • Indian Oil plans $4.5 billion Panipat refinery expansion by September 2024 Feb 26, 2021 06:40 PM IST

    Indian Oil plans $4.5 billion Panipat refinery expansion by September 2024

    India, the world's third biggest oil importer and consumer, aims to expand its 5 million bpd refining capacity by 60 percent to meet rising local demand as Prime Minister Narendra Modi seeks to boost the manufacturing sector.

  • Kuwait plans to shorten oil supply deals for some Asian buyers Feb 17, 2021 07:43 PM IST

    Kuwait plans to shorten oil supply deals for some Asian buyers

    The fourth-biggest producer in the Organization of the Petroleum Exporting Countries (OPEC) said it would assess the situation in over October and November before committing supplies for the first quarter of 2022, the sources said.

  • IOC buys its first cargo of Iraqi Basra Medium oil: Report Jan 06, 2021 03:30 PM IST

    IOC buys its first cargo of Iraqi Basra Medium oil: Report

    IOC loaded the cargo onto Minerva Kalypso, a suezmax-sized vessel, which left Iraq's southern port of Basra on January 4, the data showed. The ship is expected to arrive at Chennai port in southeastern India around January 14.

  • Indian Oil runs at full capacity on demand rebound Nov 12, 2020 07:09 PM IST

    Indian Oil runs at full capacity on demand rebound

    IOC has been gradually raising crude runs at its plants, which plunged to about 39 percent at the beginning of April when a nationwide coronavirus lockdown hit fuel demand.

  • IOC to offer differentiated fuels, hydrogen-spiked CNG Oct 19, 2020 07:08 PM IST

    IOC to offer differentiated fuels, hydrogen-spiked CNG

    IOC, which controls over 40 percent of India’s diesel-dominated petroleum product market, recently introduced differentiated LPG for industrial users that gives flame temperature that is 80 percent higher than conventional cooking gas, thereby cutting down cooking time and saving 5-8 percent on fuel.

  • Indian Oil sees gasoil, petrol sales at pre-pandemic levels in first half of FY21 Sep 14, 2020 11:40 AM IST

    Indian Oil sees gasoil, petrol sales at pre-pandemic levels in first half of FY21

    India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend following the coronavirus outbreak.

  • Indian state refiners halt oil imports from Chinese companies Aug 27, 2020 04:06 PM IST

    Indian state refiners halt oil imports from Chinese companies

    The new regulation, put in place on July 23, comes after a border clash between India and China that killed 20 Indians and soured relations between the two neighbours.

  • Indian Oil Corp nears first deal to export fuels to Mauritius Aug 19, 2020 01:00 PM IST

    Indian Oil Corp nears first deal to export fuels to Mauritius

    IOC will supply 205,000 tonnes of 95 RON gasoline, 235,000 tonnes of 10 parts per million (ppm) gasoil, 175,000 tonnes of jet fuel and up to 105,000 tonne of marine gasoil, sources said.

  • IOC expects India's fuel demand to take at least 6-9 months to return to normal Aug 04, 2020 05:55 PM IST

    IOC expects India's fuel demand to take at least 6-9 months to return to normal

    Fuel sales had fallen by a record 45.8 percent in April when a nationwide lockdown was in place to check the coronavirus infections.

  • Indian refiners cuts runs as fuel demand dips, margins fade Jul 28, 2020 10:10 PM IST

    Indian refiners cuts runs as fuel demand dips, margins fade

    Fuel demand in Asia's third largest economy had been rising since May from historic lows in April, when a nation-wide lockdown to stem the spread of the novel coronavirus was enforced.

  • India's crude processing extends recovery in June Jul 23, 2020 08:58 PM IST

    India's crude processing extends recovery in June

    Indian refiners operated at about 85.4 percent of their overall capacity in June, the data showed.

  • Fitch Ratings maintains IOC debt rating at 'BBB-', outlook negative Jul 20, 2020 08:38 PM IST

    Fitch Ratings maintains IOC debt rating at 'BBB-', outlook negative

    IOC's rating benefits from its dominant market position in India, where it is the largest oil refining and marketing company, the above-average complexity of its refining assets and improving diversification

  • India's petrol, diesel demand falls due to high prices, COVID-19 lockdown Jul 17, 2020 06:51 PM IST

    India's petrol, diesel demand falls due to high prices, COVID-19 lockdown

    Fuel demand growth in India, the world's third-biggest oil importer and consumer, plunged to historic lows in April when the federal government imposed a country-wide lockdown.

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