Exclusive: Petrol consumption dips 2%, diesel by 9% in February

Cooking gas was the only petroleum product that saw an upward trend in consumption, posting an increase of 8 percent in February.

IOC to invest Rs 32,496 crore to expand Panipat refinery capacity

Panipat refinery currently has a capacity to turn 15 million tonnes per annum of crude oil into value-added fuels such as petrol, diesel, and ATF.

Budget 2021: Capital outlay for energy majors sees a rise

For FY22, investment in state-run oil and gas companies is pegged at Rs 104,870 crore, up from Rs 99,650 based on the revised estimates of FY21.

IOC Consolidated December 2020 Net Sales at Rs 147,810.23 crore, up 19.27% Y-o-Y

IOC Standalone December 2020 Net Sales at Rs 146,598.83 crore, up 17.64% Y-o-Y

IOC board clears Rs 31,500-crore Nagapattinam refinery project; expects fuel demand to be normal soon

The new refinery will be a joint venture between Chennai Petroleum Corporation Ltd and IOC.

IOC raises Rs 1,290 crore in debt

In a stock exchange filing on Monday, IOC said it has issued "5.60 per cent unsecured, listed, rated, taxable, redeemable, non-convertible debentures of Rs 10 lakh each aggregating to Rs 1,290.20 crore on private placement basis".

Elon Musk will give away $100 million for this, but what is Carbon Capture and why is it relevant?

Injecting carbon dioxide for EoR is a widely-used technology by oil and gas companies globally.

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.

Petrol, diesel prices hiked in all four metros

In Delhi, petrol is now Rs 81.23/litre from Rs 81.06/litre and diesel is up to Rs 70.68/litre from Rs 70.46/litre.

IOC Standalone September 2020 Net Sales at Rs 85,610.51 crore, down 23.35% Y-o-Y

IOC Consolidated September 2020 Net Sales at Rs 81,704.43 crore, down 26.48% Y-o-Y

IOC Consolidated September 2020 Net Sales at Rs 81,704.43 crore, down 26.48% Y-o-Y

IOC Standalone September 2020 Net Sales at Rs 85,610.51 crore, down 23.35% Y-o-Y

IOC Consolidated June 2020 Net Sales at Rs 60,528.68 crore, down 53.9% Y-o-Y

Doorstep delivery of diesel may be the next big thing with oil companies roping in startups

The Ministry of Petroleum and Natural Gas started mulling over the idea of legalisation of home delivery of HSD in 2017, after which it introduced the Petroleum Explosives Safety Organisation (PESO) to draft guidelines in this regard

IOCL: Profitability hit by inventory losses

Post a sharp hit during the initial lockdown phase, the performance of IOC is now improving. However, near-term challenges remain

IOC launches battery swapping facility for quick recharge of EVs

Indian Oil Corp (IOC) will begin with a pilot of battery swapping at one of its outlets in Chandigarh and gradually scale it up to 20 stations, company chairman Sanjiv Singh said at the launch.

IOC Standalone March 2020 Net Sales at Rs 118,439.08 crore, down 6.16% Y-o-Y

IOC Consolidated March 2020 Net Sales at Rs 118,007.32 crore, down 6.39% Y-o-Y

Power Grid, NTPC, IOC, BPCL, OIL, GAIL trade mixed after Fitch revises outlook

Shares of Power Grid Corporation of India fell almost 2 percent while those of NTPC jumped over 2 percent in early trade on BSE

Fitch revises outlook of IOC, NTPC among other state-owned firm to negative

The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.

IOC aims to operate refineries at 90% capacity in June

IOC, which along with subsidiary Chennai Petroleum Corp , controls about a third of India's 5 million barrels per day (bpd) refining capacity, is operating its plant at about 83% capacity, a sharp increase from 39% at the beginning of April.

IOC says Unlock 1.0 to revive fuel sales soon

The company said though it is on track to spend the approved capital expenditure for 2020-21, it has "critically examined all capex proposals for rationalisation of cost and time frame."

HPCL, BPCL, IOC slip 7-13% after govt hikes excise on petrol, diesel

The move will not impact consumers and price hike will be absorbed by OMCs, a government official said