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B Ashok takes over as IOC Chairman

Last Updated: Wednesday, July 16, 2014, 20:58

B Ashok on Wednesday took over as the Chairman of Indian Oil Corp, the nation's largest oil firm.

Petrol price hiked by Rs 1.69/L, diesel by 50p; effective July 1

Last Updated: Monday, June 30, 2014, 19:17

Oil companies on Monday hiked price of petrol by Rs 1.69 per litre while the price of diesel was also hiked by 0.50 paise per litre to be effective from July 1.

Oil refiners gain as crude oil prices cool down

Last Updated: Monday, June 30, 2014, 11:31

Shares of oil refiners gain after crude oil prices cool down. Bharat Petroleum Corp gains 3.3 percent, Hindustan Petroleum Corp rises 3.1 percent and Indian Oil Corp is up 1.7 percent.

PMO seeks Oil Minister's views on IOC appointment

Last Updated: Wednesday, June 11, 2014, 12:18

Ashok's appointment file was pending in the PMO since last month and last week PMO wrote to Pradhan seeking his comments, said sources privy to the development.

IOC seeks exemption for LPG plant operations from strikes

Last Updated: Saturday, June 07, 2014, 14:42

Public sector Indian Oil Corporation wants operations of LPG bottling plants to be included in the Essential Services Maintenance Act (ESMA) and has sought exemption for such facilities from strikes.

R K Malhotra is Chairman of IOC

Last Updated: Monday, June 02, 2014, 21:21

R K Malhotra, Director (R&D) at Indian Oil Corp (IOC), has been given additional charge as Chairman of the nation's largest company as appointment of a regular head has been delayed.

IOC's profit drops 35% as refining margins shrink

Last Updated: Thursday, May 29, 2014, 15:54

Net profit declined to Rs 9,389.85 crore in the January-March quarter from Rs 14,512.81 crore in the same period a year ago.

'Chennai Petroleum may shut refinery units for month in Q4'

Last Updated: Thursday, May 29, 2014, 12:32

Chennai Petroleum Corp Ltd plans to shut an 80,000 barrels per day (bpd) crude unit and some secondary units for a month-long maintenance in October-December at its 210,000 bpd Manali refinery, its managing director A. S. Basu said.

Oil cos to pay $11.4 bn fuel subsidy for 2013/14: Source

Last Updated: Thursday, May 22, 2014, 22:49

India has ordered oil companies to provide USD 11.4 billion subsidy for 2013/14 to help cover losses of state retailers that sell fuels at cheaper rates - a jump of 12 percent from the previous year, a source with knowledge of the matter said on Thursday.

Loss on diesel sale down at Rs 4.41 a litre

Last Updated: Monday, May 19, 2014, 21:32

The loss on sale of diesel has fallen to Rs 4.41 per litre, helped by Rs 1.09 per litre hike and strengthening of the rupee against the US dollar.

IOC chairman appointment delayed

Last Updated: Sunday, May 18, 2014, 17:44

Key PSU appointments, including chairman of nation's largest firm Indian Oil Corp (IOC), have been delayed as outgoing Prime Minister Manmohan Singh did not sign any non-urgent file during his last days in office.

Central Excise slaps Rs 4.6-crore tax notice on Indian Oil

Last Updated: Tuesday, May 13, 2014, 13:02

Central Excise slapped Rs 4.6-crore tax notice on Indian Oil for not paying service tax under the head of a 'goods transport agency'.