Aug 10, 2022 04:12 PM IST

Price freeze on petrol, diesel, LPG to hit profitability of IOC, BPCL, HPCL: Fitch Ratings

The three state-owned fuel retailers haven't changed auto fuel prices for over four months now to help the government contain runaway inflation.

IOC, HPCL, BPCL post Rs 18,480 cr loss in Q1 on holding petrol, diesel prices

According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG.

Indian Oil sold petrol at Rs 10 a litre loss, diesel at Rs 14: ICICI Securities

Indian Oil Corporation sold petrol at a loss of Rs 10 per liter and diesel at Rs 14 a liter during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report said.

IOC Standalone June 2022 Net Sales at Rs 251,932.89 crore, up 62.48% Y-o-Y

IOC Consolidated June 2022 Net Sales at Rs 255,381.62 crore, up 63.16% Y-o-Y

IOC, BPCL, HPCL may post Rs 10,700 crore loss in Q1: Report

Due to the sale of petrol and diesel below cost, Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum may suffer a total loss of Rs 10,700 crore in the June quarter, according to a report released on Monday.

IOC delivers cooking gas by boats in flood-hit Assam

At least 180 people have died and more than 89.13 lakh people suffered cumulatively across 34 districts since April 6 in one of the worst floods Assam witnessed in recent times.

IOC to invest Rs 740 crore to raise Digboi refinery capacity

In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated cost of Rs 740.20 crore.

IOC Consolidated March 2022 Net Sales at Rs 175,292.02 crore, up 46.39% Y-o-Y

IOC Standalone March 2022 Net Sales at Rs 177,287.31 crore, up 43.3% Y-o-Y

How refineries survived the oil shock 

The Singapore gross refining margin has touched the $20 per barrel mark, a level last seen in 2012 

Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch

The three companies raised the rates by Rs 10 per litre over 16 days beginning March 22 before again hitting a pause button.

IOC Q4 PAT may dip 8.1% YoY to Rs. 8,067.4 cr: ICICI Direct

Net Sales are expected to increase by 45.2 percent Y-o-Y (up 20.5 percent Q-o-Q) to Rs. 2,37,521.9 crore, according to ICICI Direct.

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.

IOC, L&T, ReNew join hands for green hydrogen business

Indian Oil Corporation (IOC) and L&T have additionally signed a pact to form a joint venture with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen.

ONGC, IOC, others to spend Rs 1.11 lakh crore capex in FY23

The capex spending of Rs 1.11 lakh crore in 2022-23 compares with a revised estimate of Rs 1.04 lakh crore for the current fiscal year that ends in March, according to Union budget documents.

IOC Consolidated December 2021 Net Sales at Rs 165,339.04 crore, up 62.15% Y-o-Y

IOC Consolidated December 2021 Net Sales at Rs 165,339.04 crore, up 62.15% Y-o-Y

IOC Standalone December 2021 Net Sales at Rs 166,788.16 crore, up 13.77% Y-o-Y

Indian Oil to invest $944 million on gas sales network in nine new areas

IOC said it has obtained nine licences to sell gas to households, automobiles and small industries, representing about a third of the demand potential in 61 geographical areas in various states that were recently auctioned by the Petroleum and Natural Gas Board.

IOC major sponsors mostly muted in runup to Beijing Olympics

That could reach $2 billion when new figures are expected this year. Sponsors include big household names like Coca-Cola, Procter & Gamble, Visa, Toyota, Airbnb, and Panasonic.

IOC to invest Rs 9,028 crore for new crude oil pipeline from Mundra

The pipeline, which will have a nameplate capacity of 17.5 million tonne per annum, will transport imported crude oil from the Gujarat coast to the firm’s refinery in Haryana, the company said in a statement.

IOC, Adani Total Gas top bidders for city gas licenses

IOC bid for 53 out of 61 geographical areas or GAs that received bids in the 11th city gas licensing round that closed on December 15, according to bid details made public by the sector regulator — Petroleum and Natural Gas Regulatory Board (PNGRB).

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives.

Apollo Hospitals or Info Edge may replace IOC in Nifty 50 in April 2022

If Avenue Supermart is included in F&O by mid-February, it will be guaranteed an inclusion in the Nifty 50 index