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  • petrol price cut by rs 2.42 a litre diesel 2.25 per litre

    Petrol price cut by Rs 2.42 a litre; diesel 2.25 per litre

    February 03, 2015 19:11 IST

    New Delhi: Ahead of Delhi polls this Sunday, petrol price was cut today by Rs 2.42 per litre and diesel by Rs 2.25 a litre in step with fall in international oil prices.Petrol in Delhi

  • indian oil bihar refinery to raise capacity to 9 mtpa

    Indian Oil Bihar refinery to raise capacity to 9 MTPA

    January 19, 2015 7:47 IST

    Barauni (Bihar): The capacity of the 50-year old Barauni refinery will be raised to 9 million tonnes per annum (MTPA), Petroleum Minister Dharmendra Pradhan said Sunday."The refining capacity of the Barauni refinery will be raised

  • petrol price cut by rs 2.42/litre diesel rs 2.25/litre

    Petrol price cut by Rs 2.42/litre, diesel Rs 2.25/litre

    January 16, 2015 21:42 IST

    New Delhi:  Petrol price was today cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.The

  • oil firms face rs 10 000 cr inventory loss depreciating

    Oil firms face Rs 10,000 cr inventory loss, depreciating rupee

    December 31, 2014 15:05 IST

    New Delhi: Indian Oil Corp (IOC) and other state-run fuel retailers have piled up inventory loss of over Rs 10,000 crore which together with depreciating rupee has severely strained their finances ahead of a revision

  • indian oil corporation tops fortune 500 list reliance

    Indian Oil Corporation tops Fortune 500 list, Reliance Industries follows

    December 14, 2014 15:51 IST

    New Delhi: State-run Indian Oil Corporation is the country's largest company in terms of revenue, followed by Reliance Industries and Bharat Petroleum in the second and third place respectively, according to the Fortune 500 list

  • petrol price cut by 91 paise/litre diesel by 84 paise

    Petrol price cut by 91 paise/litre, diesel by 84 paise

    November 30, 2014 19:24 IST

    New Delhi: Petrol price was Sunday cut by 91 paise a litre, the seventh reduction since August, and diesel by 84 paise per litre, the third straight cut, as international oil rates continued to slump.Petrol

  • indian oil wins the 31st surjit hockey tournament

    Indian Oil wins the 31st Surjit Hockey Tournament

    Hockey | November 10, 2014 7:07 IST

    Jalanadhar: Indian Oil Mumbai yesterday won the 31st Indian Oil Surjit Hockey tournament by beating last year's winner Punjab and Sind Bank Delhi 5-2 at the Olympian Surjit Hockey stadium here.This is for the fourth

  • petrol price cut by rs 2.41/ltr diesel rate lowered by rs

    Petrol price cut by Rs 2.41/ltr, diesel rate lowered by Rs 2.25

    October 31, 2014 21:06 IST

    New Delhi: Petrol price was today cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates.The reduction in rates of

  • bihar allows sale of 5 kg lpg cylinders banned after bodh

    Bihar allows sale of 5 kg LPG cylinders banned after Bodh Gaya blasts

    India | October 22, 2014 6:56 IST

    Patna: The Bihar government yesterday allowed sale of five kg LPG cylinders that were banned after Bodh Gaya serial blasts last year in which the use of unlicensed small gas cylinders was suspected.Minister for Food

  • petrol price cut by re 1 per litre

    Petrol price cut by Re 1 per litre

    October 14, 2014 22:17 IST

    New Delhi: Petrol price was today cut by Re 1 a litre, but the first reduction in diesel rates in over five years will have to wait till completion of assembly polls.State-owned oil firms, which

  • ioc to hike processing of cheaper crude to 30 by 2017 18

    IOC to hike processing of cheaper crude to 30% by 2017-18

    August 19, 2014 14:53 IST

    New Delhi: Indian Oil Corp (IOC), the nation's largest oil firm, plans to raise processing of cheaper crude oil varieties to 30 per cent by 2017-18 as part of its efforts to improve margins.In 2013-14,

  • non subsidised lpg hiked by rs.16.50 a cylinder

    Non-subsidised LPG hiked by Rs.16.50 a cylinder

    India | July 01, 2014 14:58 IST

    New Delhi: Along with the hike in petrol and diesel rates, the price of non-subsidised cooking gas (LPG) was Tuesday raised by Rs.16.50 per cylinder in the wake of international crude oil prices surging due

  • iraq crisis no panic yet but indian oil companies asked to

    Iraq crisis: No panic yet but Indian oil companies asked to prepare contingency plan

    India | June 20, 2014 9:16 IST

    New Delhi: As the crisis in Iraq has put a cloud on supply from India's second-biggest source of crude oil, the government issued directions to state-run refineries on to prepare a contingency plan.Oil supply has

  • central excise slaps rs 4.6 cr tax notice on indian oil

    Central Excise slaps Rs 4.6-cr tax notice on Indian Oil

    May 13, 2014 23:18 IST

    Mumbai: The Directorate General of Central Excise Intelligence (DGCEI) has issued a show cause-cum-demand notice of over Rs 4.6 crore to the nation's largest oil firm Indian Oil Corporation for not paying service tax under

  • india home to 54 of world s largest most powerful companies

    India home to 54 of world's largest, most powerful companies

    May 08, 2014 18:20 IST

    New York: Mukesh Ambani- led Reliance Industries leads the pack of 54 Indian companies in Forbes' annual list of the world s 2000 largest and most powerful public companies, with Chinese companies occupying the top

  • haldia petrochemicals networth erodes by 50 per cent

    Haldia Petrochemicals' networth erodes by 50 per cent

    November 23, 2013 15:58 IST

    Kolkata: After suffering a string of losses, the networth of Haldia Petrochemicals (HPL) has eroded by 50 per cent.After a board meeting and EGM of HPL on Friday, chairman of the company and state Industry

  • finance ministry seeks 30 dividend from oil psus

    Finance Ministry seeks 30% dividend from oil PSUs

    November 04, 2013 23:56 IST

    New Delhi: The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 per cent dividend in the current financial year. Presently, all profit-making central public sector undertakings ( CPSU) are required

  • bombay gold cup air india to meet indian oil in final

    Bombay Gold Cup: Air India to meet Indian Oil in final

    Hockey | October 27, 2013 10:54 IST

    Mumbai : Star-studded Indian Oil and Air India would meet in the final of the 48th Bombay Gold Cup Hockey Tournament here today.In the semifinals yesterday, IOL overwhelmed local super league champions Western Railway 7-1

  • ioc stake sale singapore dubai roadshows next month

    IOC stake sale: Singapore, Dubai roadshows next month

    September 29, 2013 15:58 IST

    New Delhi: The Disinvestment Department will embark on a three nation roadshow, including Singapore and Dubai, beginning next month to attract foreign investors for the 10 per cent disinvestment of IOC, estimated to fetch the

  • losses on diesel sales at record rs 14.50 a litre

    Losses on diesel sales at record Rs 14.50 a litre

    September 17, 2013 12:38 IST

    New Delhi: Losses on diesel sales have hit a record Rs 14.50 a litre, sending the government scrambling for ways to cover the mounting subsidy bill.Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat