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Petrol price hiked by 89 paise per litre, diesel by 86 paise

Petrol price hiked by 89 paise per litre, diesel by 86 paise

Petrol price was hiked by 89 paise per litre and diesel by 86 paise per litre on Saturday.

 

India aims to double LNG import capacity to 50 million tonnes a year: Dharmendra Pradhan

India aims to double LNG import capacity to 50 million tonnes a year: Dharmendra Pradhan

India plans to more than double its annual LNG import capacity to 50 million tonnes in the next few years, Oil Minister Dharmendra Pradhan said on Thursday.

At 1,987 km long, Indian Oil Corp to lay India's longest LPG pipeline

At 1,987 km long, Indian Oil Corp to lay India's longest LPG pipeline

IOC plans to import LPG at Kandla in Gujarat and move it through the 1,987 kilometer pipeline to Gorakhpur via Ahmedabad (in Gujarat), Ujjain, Bhopal (in Madhya Pradesh), Kanpur, Allahabad, Varanasi and Lucknow (in Uttar Pradesh).

Monsoon to keep India's diesel exports near 3-year highs

Monsoon to keep India's diesel exports near 3-year highs

India`s diesel exports are expected to hover near a three-year high in September, as monsoon rains reduce the need to use the fuel in irrigation pumps, according to traders and refinery sources. 

Oil falls amid supply glut, lower prospects of output freeze

Oil falls amid supply glut, lower prospects of output freeze

Amid the recent fluctuation in global crude oil rates, prices fell on Friday, in a situation of supply glut following indications from Saudi Arabia that no output freeze was in the offing.

IOC in talks to buy GSPC's stake in Mundra LNG terminal

IOC in talks to buy GSPC's stake in Mundra LNG terminal

Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp's (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.

India's biggest oil refinery to cost $30 billion: IOC

India's biggest oil refinery to cost $30 billion: IOC

India's biggest oil refinery that state-run IOC, BPCL, HPCL and EIL plan to set up on the west coast will cost USD 30 billion or Rs 2 lakh crore, a senior official said.

Petrol, diesel price cut: Know the new rates in major Indian cities!

Petrol, diesel price cut: Know the new rates in major Indian cities!

Petrol price was on Thursday cut by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months.

Petrol price cut by 89 paise a litre, diesel cheaper by 49 paise

Petrol price cut by 89 paise a litre, diesel cheaper by 49 paise

Petrol prices have been cut by 89 paise per litre, while diesel prices slashed by 49 paise per litre 

Latest prices of petrol in major Indian cities

Latest prices of petrol in major Indian cities

Prices of petrol in major Indian cities

Uttarakhand forest fire: Director of Delhi's Fire Dept to visit hill state today, govt to press MI-17 choppers; at least 6 dead

Uttarakhand forest fire: Director of Delhi's Fire Dept to visit hill state today, govt to press MI-17 choppers; at least 6 dead

A total of 1890.79 hectares of green cover have been destroyed this fire season which had an early start on February 2 due to a dry winter.

Oil PSUs get a free hand, can choose companies for crude buy

Oil PSUs get a free hand, can choose companies for crude buy

In a bid to improve operational efficiency, the government Wednesday gave freedom to public sector oil firms to have their own independent crude import policy based on their commercial requirements.

Panel to review Odisha's pact with Indian Oil

Panel to review Odisha's pact with Indian Oil

The Odisha government today said a committee has been set up under the Chairmanship of the Secretary of Petroleum and Natural Gas Ministry to review the state's agreement with Indian Oil Corporation (IOC).

Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

 Adani Group has offered 49 per cent stake in its Rs 5,000-crore Dhamra LNG project in Odisha to state-run gas utility GAIL India and refiner Indian Oil Corporation (IOC).

Don't reimpose customs duty on crude: Oil companies

Don't reimpose customs duty on crude: Oil companies

An association of companies like IOC and Reliance Industries has requested the government not to reimpose customs duty on crude oil saying that refineries will not be able to absorb additional costs.

Nepal resumes regular fuel distribution after crisis

 After more than five months of economic blockade and a resulting fuel crisis, the Nepal government on Friday commenced regular public distribution of petroleum products.

Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

The Paradip Refinery of Indian Oil, which is set to be dedicated to the nation on February 7, will massively boost the bottomline of the largest oil marketeer to the tune of 20-30 percent, thanks to the latest technologies deployed at the facility that's coming up after a delay of 14 long years.

Exhibition on IOC's Paradip refinery kicks off

Exhibition on IOC's Paradip refinery kicks off

An exhibition on the Indian Oil's 11th refinery at Paradip opened here Sunday, displaying the execution of the Rs 35,000-crore project with 15-MMTPA capacity using world-class state-of-the-art technology.

IOC begins petrol production from Rs 34,555-crore Paradip refinery

IOC begins petrol production from Rs 34,555-crore Paradip refinery

The commissioning of the refinery comes after 14 years, owing to many flip-flops by the Naveen Patanik government on incentives, withdrawal of its foreign partner Kuwait Petroleum and stiff frequent opposition from locals, state politicians and NGOs apart from two killer cyclones.

IOC to invest Rs 21,000 crore to upgrade fuel quality

IOC to invest Rs 21,000 crore to upgrade fuel quality

State-owned Indian Oil Corp (IOC) will invest Rs 21,000 crore in upgrading six refineries to produce Euro-VI grade petrol and diesel by April 2020, its Director (Refineries) Sanjiv Singh said Wednesday.