Indian Oil

They have ambitious targets, but are still to outline how they'll get there or their funding plans

IOC's revenue from operations rose almost 10% to Rs 2.26 trillion

Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne

Prime Minister Modi inaugurated the India Energy Week (IEW) 2023 in Bengaluru on Monday and launched a series of initiatives including uniforms under the 'Unbottled' programme of Indian Oil

A 40% surge in input costs pushed up total expenses by 20.4% to Rs 2.30 trillion

Indian Oil Corporation plans to invest Rs 6 crore on the upgradation of supply locations and aviation fuel station in the coastal state, a senior company official said. Anirban Ghosh, Executive Director and State Head of Maharashtra and Goa State Office, told reporters that the Indian Oil Company had the highest market share of 38.1 per cent and sold 256.4 TMT of petrol, oil and lubricant products in Goa in 2021-22. He said that in the current Financial Year, the Indian Oil will invest Rs 6 crore on the upgradation of supply locations and Aviation Fuel station. Ghosh added that the investment in the development of new retail outlets and upgradation of old ones for the fiscal 2022-23 is Rs 5.50 crore. He said that Indian Oil has a network of 38 retail outlets in the state, ensuring uninterrupted POL supplies at all times. There are five distributors of Indian Oil LPG in the state, Ghosh added. Ghosh said that the contribution to the exchequer of Goa has been Rs 438.58 crores which .

The source said IOC did not participate in the Rosneft tender as the Russian company was asking for prepayment

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities

OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.

Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive sizable inventory losses

Global Avgas market is expected to grow from the current $ 1.92 billion to $ 2.71 billion by 2029

Experts say move is justified but government should clarify how proceeds will be utilised

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

Dual diesel rates will be distortionary

Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis