Indian Oil Corporation
Tracked across 59 events · 1113 articles · First seen Apr 01, 2025 · Last active May 28, 2026
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Business
Indian Oil Corporation Ltd, Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd, India's state-run oil marketing companies, have collectively incurred an estimated ₹30,000 crore in losses since mid-March. This is due to their decision to…
Impact: Indian Oil Corporation Ltd incurred significant under-recoveries due to maintaining fuel prices despite surging input costs, impacting its balance sheet and refining margins.
Apr 29, 2026 · 16 articles
Domestic
State-owned oil marketing companies (OMCs) in India, including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum, have incurred over ₹1 lakh crore in under-recoveries over 10 weeks, amounting to ₹1,600-1,700 crore daily. This is due…
Impact: Indian Oil Corporation is one of the three state-owned oil marketing companies (OMCs) incurring significant under-recoveries due to selling fuel below cost, leading to financial pressure and potential need for increased borrowings.
May 10, 2026 · 8 articles
Domestic
India's state-run fuel retailers, including Indian Oil Corporation, Hindustan Petroleum, and Petroleum, have raised petrol and diesel prices by approximately 3 rupees per liter, or more than 3%, for the first time in four years.…
Impact: Indian Oil Corporation, a state-run fuel retailer, raised petrol and diesel prices to mitigate losses from high global crude oil prices, impacting its stock performance.
May 15, 2026 · 20 articles
International
Impact: Indian Oil Corporation, India's largest refiner, bought 2 million barrels of Iranian oil, its first purchase in seven years, and settled the payment through ICICI Bank using China — Renminbi. It does not plan further Iranian oil purchases.
Apr 17, 2026 · 9 articles
Domestic
Government sources in India have indicated that an increase in petrol and diesel prices is likely in the near future. This comes as state-owned oil firms, including Indian Oil Corporation, are incurring significant losses due…
Impact: Indian Oil Corporation, a state-owned oil firm, is incurring significant losses due to the freeze in retail petrol and diesel prices despite rising global crude oil costs. It has, however, increased prices for commercial LPG and jet fuel.
May 01, 2026 · 10 articles
International
Libya's largest functioning oil refinery, operated by Zawiya Oil Refining Company in Libya — Zawiya, has been shut down and an emergency declared following intense clashes near the facility. The Indian Oil Corporation confirmed the…
Impact: Indian Oil Corporation, Libya's state-owned oil company, confirmed the shutdown of the Libya — Zawiya oil refinery and the safety of its employees, while ensuring continued fuel supplies.
May 08, 2026 · 6 articles
Tech
The India — Delhi Metro Rail Corporation (DMRC), in collaboration with the India — Ministry of Housing and Urban Affairs, the India — Ministry of Petroleum and Natural Gas, and Indian Oil Corporation Limited (IOCL),…
Impact: Indian Oil Corporation Limited is providing the hydrogen-fuelled buses, drivers, and hydrogen fuel support for the shuttle service, showcasing its commitment to green mobility.
May 14, 2026 · 7 articles
Regulatory
India — Delhi Metro Rail Corporation, in collaboration with the India — Ministry of Housing and Urban Affairs and the India — Ministry of Petroleum and Natural Gas, launched an integrated hydrogen-powered shuttle bus service…
Impact: Indian Oil Corporation provided two hydrogen-fueled buses for the shuttle service, showcasing its commitment to green energy solutions.
May 15, 2026 · 6 articles
Domestic
Petrol and diesel prices in India were hiked by Rs 3 per litre each, and CNG prices by Rs 2 per kg, on May 15, 2026. This marks the first significant increase in over four…
Impact: Indian Oil Corporation, a state-owned fuel retailer, faced significant losses due to the freeze on fuel prices and will see some margin pressure eased by the price hike.
May 15, 2026 · 10 articles
Business
Impact: Indian Oil Corporation, through its subsidiary Indane, is one of the oil marketing companies that reduced the price of commercial LPG cylinders.
Apr 01, 2025 · 7 articles
Domestic
Prime Minister Narendra Modi of India has appealed to citizens to conserve fuel, reduce gold purchases for weddings for one year, and revive work-from-home practices. This appeal comes amidst a global energy crisis driven by…
Impact: Indian Oil Corporation, along with other oil marketing companies, is facing significant monthly under-recoveries due to elevated global crude prices, potentially leading to fuel price hikes.
May 10, 2026 · 6 articles
International
India and the United Arab Emirates signed a series of landmark agreements during Prime Minister Narendra Modi's visit to Abu Dhabi. These agreements cover vital sectors including energy, defense, infrastructure, shipping, and advanced technologies. Key…
Impact: Indian Oil Corporation signed a pact with Abu Dhabi National Oil Company to facilitate new opportunities in LPG sale and purchase, including long-term supply.
May 15, 2026 · 11 articles
Domestic
India — Odisha is experiencing widespread panic buying of petrol and diesel, leading to long queues at fuel stations and temporary closures. This surge in demand, which increased by approximately 50%, is attributed to public…
Impact: Indian Oil Corporation, through its Chief General Manager Kamal Sheel, is assuring the public of adequate fuel supply in India — Odisha and monitoring distribution to prevent shortages.
May 15, 2026 · 6 articles
International
Prime Minister Narendra Modi's visit to the United Arab Emirates on May 15 focused on deepening energy security and strategic partnerships. Key agreements are expected to be signed in the areas of Liquefied Petroleum Gas…
Impact: Indian Oil Corporation (IOCL) has existing and new agreements with Abu Dhabi National Oil Company (ADNOC) for LNG supply and is expected to sign a strategic collaboration agreement on LPG supplies.
May 13, 2026 · 7 articles
International
Prime Minister Narendra Modi's visit to the United Arab Emirates resulted in significant strategic and economic gains for India. The two nations signed a framework agreement on a Strategic Defence Partnership, deepening military and security…
Impact: Indian Oil Corporation signed an agreement with Abu Dhabi National Oil Company for long-term LPG supplies, enhancing India's energy security and supply diversification.
May 15, 2026 · 6 articles
Regulatory
Commercial LPG cylinder prices in India have been sharply increased by Rs 993 for a 19 kg cylinder, effective May 1, taking the cost in Delhi to Rs 3,071.50. This marks the third hike in…
Impact: Indian Oil Corporation, as one of the state-run oil marketing companies, is responsible for reviewing and implementing LPG price revisions based on international benchmarks.
May 01, 2026 · 17 articles
International
The Iran war, initiated by the United States and Israel, has escalated into a major geopolitical and economic crisis. The United States has enforced a naval blockade on Iran, with President Donald Trump claiming significant…
Impact: Indian Oil Corporation is one of the state refiners ordered by India to maximize LPG production and has purchased spot cargoes from the United States.
Apr 08, 2026 · 307 articles
Domestic
Narendra Modi visited India — Karnataka and India — Telangana on May 10 to participate in the 45th anniversary celebrations of the Art of Living in Bengaluru and to launch, inaugurate, and dedicate multiple development…
Impact: Indian Oil Corporation's Malkapur Terminal Project in India — Hyderabad is dedicated to the nation, increasing petroleum product handling capacity and meeting regional energy demands, which is positive for the company's operations.
May 09, 2026 · 9 articles
Domestic
Union Minister H. D. Kumaraswamy announced the approval of proposals for 4,874 EV chargers across various states and Central Public Sector Enterprises in India, with a financial outlay of Rs 503.86 crore under the PM…
Impact: Indian Oil Corporation is a public sector oil company involved in the installation of EV chargers under the PM E-DRIVE scheme and FAME-II scheme, supporting India's EV ecosystem.
May 12, 2026 · 6 articles
Business
ABL Energy & Marine Consultants Brasil, a subsidiary of ABL Group, has been appointed as the marine warranty surveyor for Subsea 7's transportation and installation campaign for the SURF infrastructure of the Mero 3 and…
Impact: Indian Oil Corporation is a partner in the Mero field consortium, benefiting from the development of the Mero 3 and Mero 4 projects.
May 14, 2026 · 6 articles
International
India and the United Arab Emirates have agreed on a framework for a strategic defense partnership and signed pacts on strategic petroleum reserves and liquefied petroleum gas supply during Prime Minister Narendra Modi's visit. This…
Impact: Indian Oil Corporation will explore expanded LPG supply and trading opportunities with Abu Dhabi National Oil Company.
May 15, 2026 · 6 articles
International
Impact: Indian Oil Corporation is one of the Indian state refiners that has stopped buying Russian oil due to narrowing discounts and US threats.
Jul 31, 2025 · 47 articles
International
Impact: Indian Oil Corporation (IOC) continues to purchase oil from non-sanctioned Russian entities, distinguishing its strategy from other Indian refiners.
Jan 13, 2026 · 10 articles
Regulatory
The India — Delhi Metro Rail Corporation (India — Delhi Metro Rail Corporation) announced a series of measures to encourage the use of public transport and reduce dependence on private vehicles in India — Delhi-NCR.…
Impact: Indian Oil Corporation supports hydrogen-based bus services for last-mile connectivity, aligning with sustainable mobility goals.
May 17, 2026 · 8 articles
Tech
FOWE Eco Solutions, a Monaco-based company, has introduced its patented Cavitech fuel emulsion technology to India, claiming it can reduce fuel consumption by up to 10% and dramatically cut harmful emissions without requiring engine modifications.…
Impact: Indian Oil Corporation's Haldia refinery conducted trials of FOWE Eco Solutions' technology, confirming fuel savings in captive power operations.
May 17, 2026 · 7 articles
+ 29 more events
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Indian Oil Corporation raised pricesIndia Hikes Fuel Prices
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Indian Oil Corporation incurred heavy lossesIndia's Fuel Subsidy...
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Indian Oil Corporation incurred heavy lossesIndian Oil Companies Incur Losses
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Indian Oil Corporation provided hydrogen-fuelled buses India — Delhi Metro Rail CorporationDelhi Metro launches hydrogen buses
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Indian Oil Corporation provided hydrogen-fuelled buses India — Delhi Metro Rail CorporationDelhi Metro launches hydrogen buses
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Indian Oil Corporation raised pricesIndia Raises Fuel Prices...
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Indian Oil Corporation announced price increasesIndia Fuel Price Hike Looms
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Indian Oil Corporation signed agreement Abu Dhabi National Oil CompanyIndia-UAE Strategic Pacts...
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Indian Oil Corporation urged public India — OdishaOdisha Fuel Panic Buying
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Narendra Modi dedicated Malkapur Terminal Project Indian Oil CorporationNarendra Modi launches...
60
Indian Oil Corporation signed agreement Abu Dhabi National Oil CompanyIndia-UAE Energy Security...
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Abu Dhabi National Oil Company explore supply Indian Oil CorporationIndia-UAE Strategic...
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Indian Oil Corporation announced price increasesIndia Commercial LPG Price Hike
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Indian Oil Corporation installed chargers IndiaIndia Expands EV Charging...
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Indian Oil Corporation confirmed savings FOWE Eco SolutionsFOWE Eco Solutions'...
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Indian Oil Corporation purchased cargoes United StatesIran War Escalates, Global...
Mangalore Refinery and Petrochemicals Limited
customer
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Indian Oil Corporation
Indian Oil Corporation acts as a major oil marketing customer, purchasing refine
Mangalore Refinery and Petrochemicals Limited
supplier
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Indian Oil Corporation
Mangalore Refinery and Petrochemicals Limited supplies refined petroleum product
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