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Feb 17, 2021 07:43 PM IST 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.
Jan 06, 2021 03:30 PM IST 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.
Nov 12, 2020 07:09 PM IST 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.
Oct 19, 2020 07:08 PM IST 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.
Sep 14, 2020 11:40 AM IST 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.
Aug 27, 2020 04:06 PM IST 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.
Aug 19, 2020 01:00 PM IST 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.
Aug 04, 2020 05:55 PM IST Fuel sales had fallen by a record 45.8 percent in April when a nationwide lockdown was in place to check the coronavirus infections.
Jul 28, 2020 10:10 PM IST 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.
Jul 23, 2020 08:58 PM IST Indian refiners operated at about 85.4 percent of their overall capacity in June, the data showed.
Jul 20, 2020 08:38 PM IST 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
Jul 17, 2020 06:51 PM IST 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.
Jul 06, 2020 04:46 PM IST Oil Minister Dharmendra Pradhan and other senior officials of the ministry "reviewed the ongoing oil and gas projects started by PSUs since the resumption of economic activities from April 20, 2020".
Jun 26, 2020 08:12 PM IST To boost gas usage, India is expanding infrastructure including building new liquefied natural gas (LNG) import plants and connecting households with an expanding gas pipe network.
Jun 24, 2020 05:06 PM IST The company, which had earned $4.09 on turning every barrel of crude oil into fuel in January-March 2019, posted a negative gross refining margin of $9.64 per barrel.
Jun 16, 2020 07:04 PM IST India, the world's third-biggest oil importer and consumer, plans to invest about $160 billion by 2025-26 in expanding refining capacity, building gas infrastructure and ramping up exploration and production.
May 11, 2020 08:24 PM IST Fuel demand has shown signs of returning after lockdown restrictions were eased by first allowing industries in rural areas to operate, and then inter-state vehicular traffic and plying of some trains.
Apr 14, 2020 03:30 PM IST India's fuel demand in March declined by 17.8 percent, the lowest in over two decades.
Apr 09, 2020 09:35 PM IST Indian refiners have been forced to cut refinery run rates as shutting down of factories, suspension of flights, stopping of trains and vehicular traffic going off roads shrank demand. Since LPG is produced alongside petrol, diesel and kerosene when crude oil is processed, its availability from domestic refineries has reduced.
Apr 08, 2020 06:30 PM IST Oil Minister Dharmendra Pradhan had in the last few days held talks with his counterparts in Saudi Arabia and the UAE with a view to shoring up supplies.
Apr 01, 2020 03:42 PM IST India will join the select league of nations using petrol and diesel containing just 10 parts per million of sulphur as it looks to cut vehicular emissions that are said to be one of the reasons for the choking pollution in major cities.
Mar 31, 2020 06:00 PM IST Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic.
Mar 24, 2020 07:40 PM IST Asia's third largest economy with 1.4 billion people has reported about 500 cases of the virus but health experts say a big jump could be imminent. The government has halted domestic flights and most train and metro services.
Mar 17, 2020 09:48 AM IST The company is currently in talks with the Mizoram government for setting up the bottling plant in the state, said G Ramesh, chief general manager of the IOC.
Mar 13, 2020 04:10 PM IST "The Board of Directors of the company at its meeting held on March 13 has declared an interim dividend of 42.50 percent i.e. Rs 4.25 per equity share of face value of Rs 10 each for the financial year 2019-20," the company said in a regulatory filing.
