IOCL invites applications for Assistant Officers in Finance Function; apply at iocl.com before 6 May
Indian Oil Corporation Limited (IOCL) has put out a notification for the recruitment of Assistant Officers in Finance Function
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
Oil firms to give Rs 5 lakh ex-gratia in coronavirus-related death of delivery boys, others working in LPG supply chain
State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on Monday announced an ex-gratia of Rs 5 lakh in case of coronavirus-related death of any LPG delivery boy or other personnel involved in the supply chain
National oil marketing companies have come out on Sunday allaying the fears of consumers about product shortages, saying there is absolutely no shortage of any fuel, especially cooking gas, which is being supplied to customers at their doorsteps
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.
Pradhan Mantri Ujjwala Yojana brought Rs 3,000 cr investment, 3,000 jobs in Northeast, says official
The public sector undertaking Indian Oil Corporation currently has 10 LPG bottling plants across the northeast
Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults
Fund transfers via RTGS, NEFT to cost less from 1 July; non-subsidised LPG cylinders to be cheaper by Rs 100 in Delhi
Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route
The board of IL&FS, which has to repay over Rs 90,000 crore to lenders, has decided to adopt an "asset level resolution" with regard to various group companies and entities.
State-owned Indian Oil Corp (IOC) on Wednesday reported 91 percent plunge in December quarter net profit after it suffered inventory losses due to falling oil prices
Iran is keen to invest in the Rs 35,700-crore expansion of Chennai refinery irrespective of economic sanctions imposed by the US against the Persian Gulf nation, IOC Chairman Sanjiv Singh said on Wednesday.
New 55,649 petrol pumps bonanza: Angry fuel dealers to move court to challenge the government's decision
All India Petrol Dealers Association (AIPDA) President Ajay Bansal said the government's move of 25 November appeared contrary to its own policy and the dealers would question its legal validity
For the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency.
Narendra Modi will also lay foundation stones marking the beginning of work for city gas networks in at least 62 cities, licences for which were given out in the previous bidding round that concluded a couple of months back
The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.
Fuel price hike: Diesel rates rise again by eight paise to Rs 75.46 per litre in Delhi; wipes out benefit of excise duty cut
Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy.
Petrol, diesel rates: Govt will not ask oil marketing companies to further subsidise fuel prices, says finance ministry official
Most of the Rs 2.50 per litre reduction in rates effected from 5 October has been lost in increases in selling prices on subsequent days, giving rise to the suspicion that the government may again ask OMCs to subsidise fuel.
Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry
The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Re 1 per litre from last week.
Shares of oil marketing companies on Friday fell sharply by up to 25 percent.
Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies
While cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.