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India oil News
russia oil supply to india
07 Nov 2022
Baat Pate Ki: India increases oil imports from Russia
Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.
10 Aug 2022
Indian Oil warns people to beware of fake petrol pump dealership scam
Beware! Scams running offering fake Indian Oil petrol pump dealership. Indian Oil suggests going nearest PSU office or petrol pump for more information. Indian Oil will build 50 petrol pumps in Sri Lanka.
25 May 2020
Crude oil processing: India witnesses biggest drop in nearly two decades
Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed.
22 Aug 2019
Crude oil, gas and refinery output slips
As per data released by Ministry of Petroleum & Natural Gas, crude oil production during July, 2019 was 2768.95 TMT (thousand metric tons) which is 5.41 per cent lower than target and 4.40 per cent lower when compared with the corresponding month last year.
18 Jun 2019
UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan
India is 83 percent dependent on imports to meet its oil needs and is reliant on nations like the UAE to meet half of its cooking gas (LPG) needs.
Indian Oil Corp
22 May 2015
Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL
Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.
06 Apr 2015
Essar Oil's CBM block production rises to 0.5 mmscmd
Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.
06 Apr 2015
Essar Oil becomes India's largest CBM gas producer
Indian oil and gas producer Essar Oil on Monday said it has become India`s largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently.
Crude oil prices
30 Mar 2015
India makes first crude oil purchase for strategic reserve
Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus.
India Prime Minister
28 Mar 2015
Make India energy sufficient, cut imports: PM
Modi said plans are afoot to provide piped gas connection to 1 crore households in the next four years from 27 lakh presently.
India Prime Minister
27 Mar 2015
Modi says India should try to cut oil imports by 10% by 2022
Prime Minister Narendra Modi said on Friday India should try to cut oil imports by 10 percent in 2022 from 77 percent now.
12 Feb 2015
India asks state oil producers to pay $1.75 billion subsidy for December quarter: Source
India has asked oil producers to provide 108.96 billion rupees ($1.8 billion) in subsidies to cover some of the losses of state retailers selling fuel at government-set low rates, a source familiar with the plan said on Thursday.
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