Indian Oil

Thursday, Apr 25, 2024 | Last Update : 03:33 PM IST

Tug boats and ships battle the fire on MT New Diamond, off the eastern coast of Sri Lanka in the Indian Ocean, Saturday, Sept. 5, 2020. The fire on the large oil tanker off Sri Lanka's coast has been brought under control but is still not extinguished, the navy said Saturday. The tanker, carrying nearly 2 million barrels of crude oil, was drifting about 20 nautical miles (37 kilometers) from Sri Lanka's eastern coast and on Friday evening a tug boat towed it to the deep sea away from land, said navy spokesman Capt. Indika de Silva. (AP)

Experts join efforts to salvage burning tanker off Sri Lanka

With engines shut down, the tanker carrying nearly 2 million barrels of crude oil drifted about 20 nautical miles from the Sri Lankan coast

06 Sep 2020 9:58 AM

IOC and two other oil marketing companies, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), have served a notice on Air India that they will be forced to stop jet fuel (ATF) supplies if payments are not made, said IOC's Sandeep Kumar Gupta.

Oil Cos say Air India not honouring Rs 100 cr/month payment promise

The monthly payment was besides the airline being put on cash-and-carry where it was given fuel only against cash payment.

15 Oct 2019 4:44 PM

IndianOil will invest Rs 7941 crore in next five years, the company informed in the sidelines of the Global Investors Meet.

Indian Oil to invest Rs 16,641 crore in Tamil Nadu in five years

The investment will create 20,000 direct and indirect employment opportunities.

24 Jan 2019 11:10 AM

Iran piped Saudi Arabia to become the second largest supplier of crude oil as Indian firms took advantage of steeper discounts offered by Tehran.

Despite U.S. Pressure, Iran No. 2

State firms that buy oil from Iran include MRPL, Indian Oil and HPCL.

24 Jul 2018 5:59 AM

Reliance Industries Ltd said on Friday its telecoms business Jio reported its second straight quarterly net profit since its launch nearly two years ago. (Photo: AFP)

Reliance Jio makes profit for second quarter in a row

Reliance Jio Infocomm Ltd triggered a fierce price war among operators as they slashed prices to rival Jio’s low-cost data plans.

28 Apr 2018 11:16 AM

A preliminary agreement will be announced on Wednesday during a visit by Saudi oil minister Khalid al-Falih.

Saudi Aramco to buy 50 pc stake in USD 44 bn refinery in Maha: Saudi oil min

India is set to grant Saudi Aramco a 50 per cent stake in a planned 1.2 million-barrel-per-day (bpd) refinery on its west coast.

11 Apr 2018 11:51 AM

IOC’s current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Indian Oil plans USD 22 billion expansion over five years

IOC processed a record 1.38 million bpd crude at its directly owned plants in 2017-18.

02 Apr 2018 9:20 AM

Incessant heavy showers that lashed the city on Tuesday forced the organisers, Mumbai Hockey Association Limited and tournament director, Mahesh Kumar to take the decision to share the trophy between Indian Oil and South Central Railways and also split the total prize-money of Rs 3 lakh.

We would have won the final: Indian Oil coach

Hockey coach Devesh Chauhan feels the team could have lifted the trophy if the finals had not been washed out because of the rains.

21 Sep 2017 12:02 PM

The Armymen managed to cut the lead when Chandan Aind, who also recorded a hat-trick, converted from a penalty corner in the 35th minute.

Indian Oil down Army XI for third successive win

Indian Oil’s hard-working and enterprising right outer Sukhjeet Singh played a stellar role notching up a fine hat-trick.

17 Sep 2017 1:05 AM

Indian Oil Corp has received the government nod to buy one very large ship full of crude oil from the US every month this year.

IOC gets govt nod to buy US crude oil, continues to look at cheaper options

Shipping ministry has allowed India's largest oil firm to import one cargo of crude oil from US every month.

10 Aug 2017 2:31 PM

China claims most of the energy-rich South China Sea through which about $5 trillion in ship-borne trade passes every year. (Photo: Representational Image)

Amid South China Sea tension, Vietnam renews India oil deal

A senior official of ONGC Videsh said 'Vietnam wants us to be there because of China's interventions in the South China Sea'.

07 Jul 2017 9:56 AM

Prices of petrol and diesel will change everyday now.

What consumers need to know about daily price change

Prices of petrol, diesel will change every morning at 6 am and will be valid till 6 am of next morning.

16 Jun 2017 12:07 PM

Fuel price drop: Petrol by Rs 1.12/litre, diesel by Rs 1.24/litre

From tomorrow, petrol and diesel rates will be revised in sync with any movement in international oil rates.

15 Jun 2017 7:50 PM

Indian Oil sets up control rooms to oversee daily price revisions

The control room cell at 70 Divisional Offices will be manned by technical, operations and retail sales officers of IOC.

15 Jun 2017 6:36 PM

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM

How to check daily change in petrol, diesel prices

Indian Oil had said, three the OMCs will “establish an appropriate mechanism” to convey the prices to consumers every day.

14 Jun 2017 3:13 PM

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Pump owners upset with daily change

IOC said the seamless execution of the 40-day pilot in Chandigarh, Jamshedpur, Puducherry, Udaipur, and Vishakhapatnam has reassured all stakeholders.

12 Jun 2017 4:45 AM

OMCs to revise petrol,diesel prices daily from June 16

Public sector oil companies have decided to start daily revision of prices in the entire country with effect from 16th June, 2017.

09 Jun 2017 4:47 PM

Heavy rush at a petrol pumps. (Photo: PTI)

First five cities chosen for daily petrol, diesel price change

State refiners currently revise fuel prices every fortnight to reflect volatility in currency and global oil markets.

12 Apr 2017 3:48 PM

The move would free private players — Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

OMCs eye daily change in fuel prices

The move will make oil marketing companies margins more predictable.

08 Apr 2017 2:09 AM

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Dilip Cherian

indian oil