The Latest Breaking News from Indian Oil Corp

Aramco Trading sells 10 million bbls Khafji crude to Asian refiners, sources say

Aramco Trading concluded a tender for 10 million barrels of Khafji crude, attracting interest from Asian refiners. South Korea's GS Caltex and China's Shenghong Petrochemical each purchased 2 million barrels through this tender. Additionally, India's Hindustan Petroleum Corp Ltd, Indian Oil Corp, and Reliance acquired 2 million barrels each. The…

The Economic Times · Sep 30

Indian Oil close to signing LPG import deal with Algeria's Sonatrach for 2027: Sources

Indian Oil Corp has finalized a deal with Algeria's Sonatrach for LPG imports. This agreement will supply one very large gas carrier monthly starting in 2027. India is diversifying its LPG sources to reduce Middle East reliance. The nation is also increasing intake of United States LPG supplies. This move…

The Economic Times · Aug 20

India's top refiner IOCL scouts stakes in gas carriers as it plans higher US imports

Indian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased liquefied petroleum gas imports from the United States. Indian state fuel retailers will increase their purchases of U.S. LPG starting from the year 2027. The company is…

The Economic Times · Jul 29

India keeps local jet fuel prices unchanged after airline plea

Indian oil refiners have maintained jet fuel prices for domestic flights. This decision follows a request from airlines facing challenges from the Iran war. Aviation turbine fuel costs remain unchanged for June in New Delhi. Refiners also reduced prices for international flights. Airlines had previously seen price hikes and reduced…

The Economic Times · Jun 1

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

Russia to Use Dubai Benchmark in Indian Oil Deal

Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp agreed to use the Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the matter said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark…

Asharq Al-Awsat · Apr 4, 2023

Fire at Indian Oil's Haldia refinery injures three -local media

A flash fire at Indian Oil Corp's Haldia refinery in India injured three people on Monday, local media reported.

Reuters · Oct 17, 2022

India plans $2.5 billion aid to oil firms hit by soaring costs

NEW DELHI: India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp, to partly compensate them for losses and keep a check on cooking gas prices, according to people familiar with the matter.

The Times of India · Sep 12, 2022