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The Latest Breaking News from IOCL

CIC upholds Indian Oil's refusal to disclose records of fuel quality inspection, fraud records

The applicant said consumers are "overburdened with the fuel prices" and the information should be centrally maintained in today's digital era. The Central Information Commission accepted the oil major's contention that compiling the data, scattered across its 16 state offices and 73 divisional offices, would disproportionately divert its resources under…

The Economic Times

This sector is set to dominate Q1 earnings for all the wrong reasons

Oil marketing companies are set to dominate Q1 earnings but for the wrong reasons, with HPCL, BPCL and IOCL expected to post massive losses as elevated crude prices crushed fuel marketing margins. The sharp earnings hit is likely to overshadow profit growth in financials, telecom and metals, dragging overall India…

The Economic Times

India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?

India's three largest fuel retailers—HPCL, BPCL and IOCL—are expected to report a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 as soaring crude oil prices, LPG under-recoveries, weak fuel marketing margins and rupee depreciation squeeze profitability. Analysts say further fuel price hikes may be needed if crude…

The Economic Times

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Ethanol blending has strengthened India's energy security without hurting vehicle performance: Former IOCL Chairman

India's ethanol blending programme is bolstering energy security, boosting farmer incomes by nearly ₹1.6 lakh crore, and cutting emissions significantly. Former IOCL Chairman B. Ashok asserts that scientific studies show E20 fuel poses no threat to vehicle engines or mileage, dispelling common misconceptions. This initiative has saved the nation substantial…

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

The Economic Times

The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

Newslaundry

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Railways show their quality to defend Murugappa title

CHENNAI: Railways Sports Promotion Board (RSPB) defended their All India MCC Murugappa title with a 5-3 victory over Indian Oil Corporation Limited (IOCL) at the Mayor Radhakrishnan Stadium here on Sunday. Captain Yuvraj Walmiki's brace along with Pardeep Singh's artistic play in the midfield helped RSPB go all the way.

The Times of India

IOCL exports premium fuel to Sri Lanka

Indian Oil exports XP100 premium fuel to Sri Lanka, tailored for high-end vehicles, showcasing India's quality products globally.

The Hindu

Enabling works underway for State’s second refinery

Construction of Cauvery Basin Refinery and Petrochemicals project in Nagapattinam underway, boosting economic development in the area.

The Hindu

Palnadu collector provides ₹80 lakh worth play equipment to Anganwadi centres

Palnadu district administration provides play equipment to 120 Anganwadi centres in Narasaraopet, enhancing children's learning and development.

The Hindu

IOCL distributes sports kits at Government Observation Home for Boys

Indian Oil Corporation launches 'Nayi Disha- Smile for Juveniles' program, providing sports kits and coaching to inmates.

The Hindu

IOCL to provide TB testing equipment to State’s healthcare facilities

Indian Oil Corporation Limited equips government healthcare facilities in Tamil Nadu to eliminate TB, as part of its CSR effort.

The Hindu

One dead, one injured in blast at Indian Oil Corporation’s terminal in Chennai

One person dead, one injured in blast at IOCL lube plant in Chennai; cause suspected to be short circuit.

The Hindu

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The Hindu

Vigilance Awareness Week observed in Kadakola

The Indian Oil Corporation Limited (IOCL) LPG bottling plant in association with The Hindu observed Vigilance Awareness Week-2023 at Government Primary School in Kadakola, on Friday.

The Hindu

Eastern Ghats Biodiversity Centre inaugurated in Visakhapatnam

Principal Chief Conservator of Forests Y. Madhusudhana Reddy inaugurated Eastern Ghats Biodiversity Centre in Visakhapatnam, Andhra Pradesh. Supported by IOCL & Divi's Laboratories, the centre is a miniature of the Eastern Ghats with medicinal plants, astro-themed garden & other forest species. It is hoped to be a tourist destination.

The Hindu

Indian Oil to expand its LNG terminal at Kamarajar Port in Chennai

IOCL plans to double capacity of its LNG terminal in Ennore, Chennai. No additional land required. Cost of project estimated at ₹3,000 crore. Expansion to supply clean energy to TN, AP, Karnataka. Re-gasified LNG to be used for power, fertiliser plants, city gas, vehicles, piped natural gas. Terms of Reference…

The Hindu

Petrol bunk canopies being inspected after accident in Saidapet outlet last month

IOCL has begun checking canopies of fuel outlets installed before 2018 following a fatal accident due to waterlogging. 3 canopies have been removed and repairs are being done. Checks include signs of rust, stability and damage. IOCL has also employed an agency to clean canopies. Dealer hopes regular checks will…

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Newslaundry

‘Cash-for-query’ row: 62 questions by Mahua Moitra, 9 on Adani, 1 on Hiranandani group

As the Lok Sabha ethics committee prepares to hear cash-for-query allegations against Trinamool Congress MP Mahua Moitra, accusations are piling up about the misuse of parliamentary privileges, allegedly to help the Hiranandani Group and target its business rival Adani Group.

The Hindu

PM Modi to visit poll-bound Madhya Pradesh, launch projects worth over Rs 19,000 crore

PM Modi to visit MP, inaugurate projects worth Rs 19,260 cr. He will dedicate Delhi-Vadodara Expressway, lay foundation stone for 5 road projects, initiate 'Grih Pravesh' of 2.2 lakh houses, lay foundation stone of Jal Jeevan Mission projects, 9 health centres, IIT Indore, Multi-Modal Logistics Park, Integrated Industrial Township, IOCL…

The Hindu

Madras High Court directs Coimbatore Collector to evict IOCL from Government land

Madras HC orders eviction of IOCL from govt land in Coimbatore, directs to recover rental arrears. Lease expired in 1970, yet IOCL continued to occupy the property. HC notes IOCL is a commercial entity making huge profits, and orders it to pay lease rent to TN govt.

The Times of India

'I have just 900 euros in my account, not living a very good life,' says Indian tennis no. 1 Sumit Nagal

NEW DELHI: After arranging for a sustenance budget of Rs one crore that keeps him going on the ATP Tour, India's number one tennis player Sumit Nagal is left with less than Rs one lakh in his bank account and a morose feeling of not leading a good life. He…

The Hindu

One in four Ujjwala Yojana beneficiaries took zero or one LPG cylinder refills last year despite ₹200 subsidy, RTI data reveals

In January 2018, a household could purchase a subsidised cylinder for ₹495.64; by March 2023, the same cylinder cost ₹903.

The Hindu

IOCL to launch new hose for commercial users soon

Indian oil Corporation Ltd. (IOCL) will soon launch a black high-pressure hose for commercial liquefied petroleum gas (LPG) users, including restaurants and catering establishments

The Hindu

IOCL introduces petrol blended with 20% ethanol in T.N.

Indian Oil Corporation Ltd. (IOCL) State head and Executive Director V. C. Asokan on Thursday announced that the company recently launched E20, petrol blended with 20% ethanol in 26 fuel outlets in the State. By March 2024, 66 more outlets will have this fuel

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