The Latest Breaking News from Indian Oil

India ramps up LPG output as festival season begins

India’s state-owned refiners have raised domestic LPG production to around 44,000 tonnes a day as festive-season demand rises and renewed conflict in the Persian Gulf disrupts contracted supplies. Production is nearly 20% higher than the August average, while refiners are also exploring increased US LPG purchases to diversify supplies. The…

The Economic Times · Sep 23

Indian Oil approves Rs 2,449 crore for Kochi-Kanyakumari-Thoothukudi natural gas pipeline development

Indian Oil's board approved a significant investment for a new natural gas pipeline. This 424.65-km project will connect Kochi and Thoothukudi in southern India. The pipeline will enhance natural gas transmission infrastructure across the region. It will support city gas networks and industrial consumers. This development strengthens existing gas supply…

The Economic Times · Sep 21

ONGC chairman selection: Seven shortlisted candidates to face second round of interviews

Seven candidates have been shortlisted for the ONGC chairman and managing director post, with a second round of interviews expected this week. The shortlist includes Oil India CMD Ranjit Rath, ONGC Videsh MD Rajarshi Gupta and senior executives from ONGC, OVL, MRPL and Indian Oil.

The Economic Times · Sep 6

Indian refiners halt Iraq oil loadings on rising Hormuz risk

Due to heightened security worries, Indian refiners have paused crude oil loadings from Iraq, with major players like Indian Oil Corp. and Mangalore Refinery suspending operations. The move follows multiple freighters suffering projectile attacks, amplifying shipping hazards in the region. Iraq's oil ministry has acknowledged these delays, and India's shipping…

The Economic Times · Jul 22

India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

The Economic Times · Jun 30

No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources

Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of…

The Economic Times · Jun 23

E85 vs Petrol: How much does it cost, why is it cheaper, and who can use it?

India has launched E85 ethanol-blended fuel in Delhi, priced significantly lower than standard petrol. This move aims to reduce crude oil dependence and promote cleaner mobility. While fuel efficiency may decrease, the cost savings and planned expansion of dispensing stations are expected to drive adoption of flex-fuel technology.

The Economic Times · Jun 5

Petrol, diesel prices hiked for first time in 4 years; fuel retailers still face a gap of Rs 15-20/litre on sales

India is the world’s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday’s increase suggests it is beginning to restore a balance…

The Economic Times · May 18

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

The Economic Times · May 18

Exxon Mobil Reportedly Sells Guyanese Oil To Indian Refiners

Exxon Mobil Corporation (NYSE:XOM) reportedly sold 4 million barrels of Guyanese crude oil to Indian Oil Corp. and Hindustan Petroleum Corp. in India.

Benzinga · Oct 17, 2025