Indian Oil Corporation

Indian Oil Corporation News

IOCL Recruitment 2022: Apply for 1747 Apprentice posts till 3 January 2023; details here
Education

IOCL Recruitment 2022: Apply for 1747 Apprentice posts till 3 January 2023; details here

The candidates will be shortlisted entirely on the basis of their merit. An online Test will be arranged to evaluate the applicants

IOC selects Reliance Jio's managed network services for its petrol pumps
Business

IOC selects Reliance Jio's managed network services for its petrol pumps

Jio will connect 7,200 IOC sites with SD-WAN managed service solution, zero-touch provisioning and 24x7 real-time monitoring

Explained: The history of the Fortune Global 500 list and the significance of LIC making the ranks
Business

Explained: The history of the Fortune Global 500 list and the significance of LIC making the ranks

The Fortune Global 500 is an annual ranking of the 500 largest corporations across the world as measured by total revenue. This year, Life Insurance Corporation (LIC) broke into the list at the 98th position, making it the highest-ranked Indian company

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14
India

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14

The nation's largest oil refining and fuel retailing firm reported a net loss of Rs 1,992.53 crore in April-June compared to Rs 5,941.37 crore of net profit in the same period a year back and Rs 6,021.9 crore in the preceding January-March quarter

Indian Oil Corporation in Sri Lanka suspends fuel distribution amid mass protest fears
World

Indian Oil Corporation in Sri Lanka suspends fuel distribution amid mass protest fears

The LIOC has been the only retailer since the state oil entity Ceylon Petroleum Corporation (CPC) pumps went dry on June 27 due to the forex crisis that has led to an unprecedented economic crisis in the island nation of over 22 million people

Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh
India

Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh

After the only rail link connecting Assam's Dima Hasao district and Barak Valley, Mizoram, Manipur and Tripura with the rest of the country was washed away earlier this month, the company started moving all its supplies by road via Meghalaya

India, Sri Lanka must collectively combat terrorism, violent extremism, says S Jaishankar
India

India, Sri Lanka must collectively combat terrorism, violent extremism, says S Jaishankar

Jaishankar stated that India and Sri Lanka must collectively combat terrorism, violent extremism, transnational crime, cyber-attacks and narco-trafficking

Oil India exits US shale venture, sells 20 percent stake for $25 million
Business

Oil India exits US shale venture, sells 20 percent stake for $25 million

OIL and Indian Oil Corporation (IOC) had together in October 2012 bought a 30 percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale asset in Colorado for USD 82.5 million

Indian Oil Corporation to establish 10,000 EV charging stations across India in the next three years
News & Analysis

Indian Oil Corporation to establish 10,000 EV charging stations across India in the next three years

The IOC plans to set up 50 kW EV charging stations every 25 kilometres and 100 kW heavy-duty chargers every 100 kilometres.

Kerala petrol pump attendant's daughter gains admission to IIT Kanpur; social media congratulates her
India

Kerala petrol pump attendant's daughter gains admission to IIT Kanpur; social media congratulates her

"Arya has made us proud by securing entry in IIT Kanpur," wrote Indian Oil Corporation Chairman Shrikant Madhav Vaidya

Centre to set up SPV for monetisation of surplus government land: All you need to know
Business

Centre to set up SPV for monetisation of surplus government land: All you need to know

Discussions on finalising a roadmap for core and non-core asset monetisation began in March to ensure faster implementation of the Budget provisions

Petrol, diesel price news (1 June, 2021): Petrol costs Rs 100.72/litre in Mumbai, Rs 94.49 in Delhi
India

Petrol, diesel price news (1 June, 2021): Petrol costs Rs 100.72/litre in Mumbai, Rs 94.49 in Delhi

Petrol is currently the costliest at Rs 105.52 per litre in Rajasthan's Sri Ganganagar district, where diesel costs Rs 98.32

Fuel prices rise again today: Petrol hiked by up to 29 paise; rates now above Rs 100 in Mumbai
India

Fuel prices rise again today: Petrol hiked by up to 29 paise; rates now above Rs 100 in Mumbai

In Delhi, the petrol prices have been raised from Rs 93.94 per litre to Rs 94.23 while diesel prices also increased from Rs 84.89 per litre to Rs 85.15 per litre

Eight injured in major fire at IOC petrol pump in Odisha's Bhubaneswar; two critical, fire under control, say officials
India

Eight injured in major fire at IOC petrol pump in Odisha's Bhubaneswar; two critical, fire under control, say officials

Eight people were injured in a major fire that broke out at an Indian Oil Corporation petrol pump near Raj Bhavan here on Wednesday, police said

LPG gets costlier from today: Price of cylinder goes up by Rs 37 in metros; jet fuel price hiked 50%
Business

LPG gets costlier from today: Price of cylinder goes up by Rs 37 in metros; jet fuel price hiked 50%

The Oil Marketing Companies (OMCs) have hiked the price of Liquified petroleum gas (LPG) cylinder rates effective from today (1 June) to Rs 37 for a cylinder of non-subsidised LPG in metro cities.

Govt slashes LPG prices amid coronavirus lockdown; non-subsidised cylinder to cost Rs 744 in Delhi, Rs 714 in Mumbai
Business

Govt slashes LPG prices amid coronavirus lockdown; non-subsidised cylinder to cost Rs 744 in Delhi, Rs 714 in Mumbai

In India, every household is entitled to receive 12 cylinders at subsidized rates each year. If a family has requirement of more than that, they need to buy it at the market rate.

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'
Business

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'

The exacting decision by Riyadh to spike production was triggered by the failure on Friday to strike a deal with Russia on a new round of OPEC+ production cuts to arrest swooning oil prices owing to the novel coronavirus.

IOC invests Rs 3,000 cr to upgrade Haldia refinery for BS-VI fuel; says consumers need not pay higher prices for clean fuel initially
Business

IOC invests Rs 3,000 cr to upgrade Haldia refinery for BS-VI fuel; says consumers need not pay higher prices for clean fuel initially

The company has incurred a total expenditure of around Rs 17,000 crore across its refineries in India to manufacture BS-VI fuel, Bharat said.

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default
Business

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default

IOCL maintained that in such circumstances and considering the conduct of Bank of Baroda, an appropriate order ought to have been passed to revoke its licence since it had acted in a manner unbecoming of a bank, a nationalised bank at that.

Reliance Industries topples Indian Oil Corporation to become country's largest company in Fortune India 500 list
Business

Reliance Industries topples Indian Oil Corporation to become country's largest company in Fortune India 500 list

Boosted by its consumer-facing businesses like organised retail and telecom, Reliance Industries ended state-owned Indian Oil Corporation's (IOC) 10-year reign as India's largest company, topping the Fortune India 500 list