This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
Petrol, Diesel shortage: Rumours about fuel shortage started doing the rounds after long queues over the weekend were spotted at petrol pumps in Rajasthan, Uttarakhand and Gujarat.
IOC bonus share, IOC dividend record date 2022: Indian Oil Corporation has said that the record date for bonus shares is July 1.
In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.
GGL supplies 1.45 lakh kg of CNG and PNG in Lucknow on regular days, but due to the surge in international prices, the supply has been decreased by up to 15,000-20,000 kg per day.
The accident has left 3 dead so far, while 40 others have been injured. The fire broke out inside the campus of Indian Oil.
Indian Oil has vacancies for JE, Assistant and other posts. Check all details regarding recruitment in this article.
Indian Oil Corporation (IOC) has extended its missed call facility to avail new LPG connection to all domestic customers. Prospective customers across the country can give a missed call to 8454955555 to avail a new connection
The vacancies are for engineers post in chemical, civil, electrical, instrumentation and mechanical engineering disciplines. Apply till July 26 at iocl.formflix.com
The card will also simplify the everyday purchases of customers with secure and convenient contactless payments, he added.
IndianOil launched its 5 kg free trade LPG (FTL) cylinder, named "Chhotu", in New Delhi on Friday.
Indian Oil Corporation Ltd. (IOCL) has reduced the Retail Selling Price (RSP) of diesel by Rs 2.93 per litre and petrol by Rs 0.97 per litre in Delhi during the month of September 2020.
IOCL Recruitment 2020: The Indian Oil Corporation Limited (IOCL) has invited online applications for 1004 Apprentice posts.
India has switched over to the world’s cleanest petrol and diesel without raising prices, Indian Oil Corp (IOC), the nation's largest oil firm, said on Thursday.
Amid 21-day nationwide coronavirus lockdown, Indian Oil Corporation on Wednesday announced to slash the price of LPG cylinder after a huge fall in global crude prices over the past few weeks.
Indian Oil Corp (IOC), the nation's biggest oil firm, has begun the supply of the world's cleanest petrol and diesel across the country with all its 28,000 petrol pumps dispensing ultra-low sulphur fuel a good two weeks before the April 1 deadline. "We have successfully rolled out the supply of BS-VI grade fuel across the country," IOC Chairman Sanjiv Singh said.
At the corporate level, Indian Oil Corporation has implemented work-from-home at non-critical locations with staggered duty hours and working on alternative days.
Petrol and diesel in Karnataka will cost more from April 1, as the state budget for fiscal 2020-21 has proposed 3 per cent increase in VAT on both the most consumed fuels, Chief Minister B.S. Yediyurappa said on Thursday.
Indian Oil Corporation Ltd (IOCL) is in the process of developing LPG from biomass and would succeed in another two to three years, a senior official in the R and D wing of IOCL said on Friday.
Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.
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