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Indian Oil Corporation Limited: News

31 Jul 2025
India

Why India's state-owned refiners have stopped buying Russian oil

India's leading state-owned oil companies have stopped buying Russian crude in the past week or so.

21 Jul 2025
Larsen & Toubro

L&T making India's largest green hydrogen plant for Indian Oil

L&T Energy GreenTech, a subsidiary of construction giant Larsen & Toubro (L&T), will build India's largest green hydrogen plant at the Indian Oil Corporation's (IOC) Panipat refinery in Haryana.

01 Jun 2025
Business

Indian Oil entering green hydrogen business with India's largest plant

Indian Oil Corporation Limited (IOCL) has announced its plan to set up a 10,000 tons per annum (TPA) green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana.

27 Jan 2025
Business

Indian Oil shares tank 4.5% following disappointing Q3 results

Shares of Indian Oil Corporation Ltd. (IOC), India's largest state-run oil refiner, plunged 4.5% in today's market session.

30 Apr 2024
Business

Indian Oil's Q4 profits falls 49% to ₹5,488 crore

Indian Oil Corporation Limited (IOCL) has reported a significant 49% drop in its consolidated net profit for the fourth quarter of the fiscal year 2023-24.

07 Mar 2024
Formula One

Indian Oil ventures into Formula One fuel production

Indian Oil Corporation Limited (IOCL) has unveiled plans to manufacture fuel for Formula One race cars.

01 Feb 2024
India

Commercial LPG cylinder costs hiked by Rs. 14: Check rates

Starting today (February 1), commercial LPG cylinder prices have experienced a hike of Rs. 14, as announced by Oil Marketing Companies (OMCs).

24 Jan 2024
Business

Indian Oil's Q3 profit falls 33% QoQ to Rs. 9,224cr

Indian Oil Corporation Limited (IOCL) announced a consolidated net profit of Rs. 9,224.85 crore for Q3 FY23-24, a significant jump from Rs. 890.28 crore during the same period last year.

12 Jan 2024
Nitin Gadkari

Indian Oil to open 300 ethanol fuel stations: Nitin Gadkari

India's leading oil refiner Indian Oil Corporation will open 300 ethanol fuel stations, Nitin Gadkari, Minister of Road Transport and Highways of India, said on Friday.

03 Jan 2024
India

Door-to-door fuel delivery now available in India: How to use

In light of the recent truck drivers' protest against the new hit-and-run laws in India, door-to-door fuel delivery services have emerged as a convenient alternative for consumers.

27 Dec 2023
Tamil Nadu

Tamil Nadu: Blast at IOCL's plant in Chennai, 1 dead

One person was killed and another injured in an explosion at the Indian Oil Corporation Limited (IOCL)'s plant at Tondiarpet in Chennai, Tamil Nadu, on Wednesday.

22 Dec 2023
LPG Cylinder

Commercial LPG cylinder costs slashed by Rs. 39.5: Check rates

In a considerable relief for commercial consumers, state-run oil marketing companies slashed the price of the 19kg commercial liquefied petroleum gas (LPG) cylinder by Rs. 39.5 on Friday.

15 Aug 2023
India

How oil settlement in local currencies will improve India-UAE trade

In a significant development, India and the United Arab Emirates (UAE) completed the first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system.

01 Jun 2023
LPG Cylinder

Commercial LPG cylinder prices slashed by Rs. 83.50

The price for the 19-kg commercial LPG cylinder has been slashed by Rs. 83.50. The new prices will be applicable from Thursday, Indian Oil said.

01 Nov 2022
LPG Cylinder

Commercial LPG cylinder price reduced by Rs. 115.5 in Delhi

The price of commercial liquefied petroleum gas (LPG) cylinders has been reduced by Rs. 115.5 in Delhi on Tuesday, bringing the cost of the 19kg cylinder down from Rs. 1,859.5 to Rs. 1,744.

01 Oct 2022
LPG Cylinder

Commercial LPG cylinder prices slashed by Rs. 25.50; details here

The government released revised rates of the 19-kilogram commercial LPG cylinders in Delhi by slashing Rs. 25.50 on Saturday, reported ANI.

Best deal for citizens: Jaishankar on buying oil from Russia

Defending India's decision to buy crude oil from Russia, India's External Affairs Minister S Jaishankar said on Tuesday that he had a moral obligation to ensure the best deal for Indian citizens.

19 Mar 2022
Ukraine

Indian Oil Corporation buys Russian crude at deep discount: Report

Indian Oil Corporation (IOC), India's biggest oil company, has reached an agreement with a Russian oil company to buy 3 million barrels of crude oil at a steeply discounted price, NDTV reported.

28 Sep 2021
Fuel Price Hike

Fuel prices see another hike as crude rises above $80/barrel

Petrol price on Tuesday was hiked by 20 paise per liter and diesel by 25 paise as international oil prices crossed the $80 per barrel mark for the first time in three years.

18 Jan 2021
Indian Air Force

This year's R-Day flypast to feature first woman fighter pilot

Flight lieutenant Bhawana Kanth will become the first woman fighter pilot to participate in the Republic Day parade this year on January 26, officials said on Monday.

02 Dec 2020
Reliance Industries

Reliance Industries tops Fortune India-500 list for second straight year

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has topped the Fortune India-500 list for the second year in a row.

11 May 2020
ONGC

#CareerBytes: Cleared UGC-NET? Here are 5 career opportunities you have

The University Grants Commission (UGC) National Eligibility Test (NET) is one of India's most coveted exams.

09 Mar 2020
Russia News

Petrol, diesel prices fall; check new rates here

The prices of petrol and diesel fell for the fifth consecutive day on Monday as the global coronavirus outbreak had a ripple effect on crude oil rates.

09 Mar 2020
Russia News

Oil plunges 30% as Saudis begin price war with Russia

Oil prices crashed by 30% on Monday after Saudi Arabia slashed prices launching a price war against Russia.

29 Feb 2020
Bharat Stage 6

Petrol, diesel prices to increase from April after BS-VI switch

People across India will soon have to pay more for petrol and diesel as the country upgrades to low-emission Bharat Stage VI fuels from April 1.

19 Feb 2020
Europe

India to switch to world's cleanest petrol, diesel from April

Racing ahead to comply with European emission standards, India is set to switch over to the world's cleanest petrol and diesel.

LPG cylinder price hiked; check new rates here

The state-run oil marketing company Indian Oil Corporation (IOC) on Wednesday increased the rates of LPG cylinders by up to Rs. 149 per cylinder.

02 Jan 2020
ONGC

#CareerBytes: What career opportunities do you have after clearing UGC-NET?

The UGC National Eligibility Test (NET), conducted by the National Testing Agency, is one of the toughest exams in India.

01 Jan 2020
Mumbai

'New Year's gift': LPG prices hiked for fifth straight month

Liquefied petroleum gas (LPG) cylinder prices were hiked for the fifth consecutive month on Wednesday.

25 Sep 2019
India

Now, no more discounts on credit-card payments at petrol pumps

Credit card payments at petrol pumps will not get the 0.75% cashback/discount, starting from October 1.

22 Sep 2019
India

Petrol, diesel prices rise in the aftermath of Saudi drone-strikes

According to notifications from Indian Oil Corporation (IOC), prices of petrol have jumped by Rs. 1.59/liter and that of diesel by Rs. 1.31/liter in the last six days- the most since daily price revision was introduced in 2017.

17 Sep 2019
India

Top PSUs you can apply for with good GATE-score

The Graduate Aptitude Test in Engineering (GATE) is one of the most competitive exams for engineering graduates.

16 Aug 2019
India

#CareerBytes: Top PSUs accepting #GATE2020 score and other important details

After completing engineering, a number of candidates who want to secure a job in Public Sector Undertakings (PSUs) opt for the Graduate Aptitude Test in Engineering (GATE).

11 Aug 2019
India

Government to use 'leftover cooking oil' to reduce energy imports

In a bid to achieve PM Narendra Modi's goal of reducing India's dependence on energy imports and encourage the biofuel sector, the Center has come up with a new plan.

22 Jul 2019
India

What are GATE toppers of last few years doing now?

The Graduate Aptitude Test in Engineering (GATE) is one of the country's most competitive exams.

17 Jul 2019
India

#CareerBytes: Top PSUs you can apply for with good GATE-score

The Graduate Aptitude Test in Engineering (GATE) is one of the most competitive exams for engineering graduates.

01 Jul 2019
West Bengal

From today, non-subsidized LPG-cylinders to get cheaper by Rs. 100

In what is sure to provide major relief to consumers and households across the nation, Indian Oil Corporation has declared that non-subsidized LPG cylinders will get cheaper by Rs. 100.50 from Monday, July 1.

05 Jan 2019
Mumbai

After Pune, Mumbai, IOCL starts diesel doorstep-delivery services in Chennai

In what will come as a good news for fleet owners and commercial establishments in Chennai, Indian Oil Corporation (IOCL), Indian state-owned oil and gas company, has recently started its doorstep fuel delivery program in the city.

31 Dec 2018
India

Good news! Subsidized LPG cylinder price slashed by Rs. 5.91

For the second time in a month, the price of subsidized domestic cooking gas or LPG has been reduced on account of tax impact on the reduced market rate of the fuel. Subsidized LPG price was slashed by Rs. 5.91/cylinder.

01 Nov 2018
India

Enough petroleum supply for countries to cut Iran oil-import: Trump

President Donald Trump said yesterday that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going to face US sanctions from November 5.