Indian Oil Corporation

Indian Oil Corporation (IOC) has reassured the public about stable and adequate LPG supply in India despite geopolitical disruptions. This proactive communication aims to prevent panic booking and hoarding, maintaining public trust and operational stability.

Indian Oil Corporation has partnered with KKR===Re Sustainability to create India's first structured national initiative for used lubricating oil collection and recycling. This collaboration reinforces Indian Oil Corporation's commitment to energy security and environmental responsibility, supporting sustainable value chains and resource efficiency.

Indian Oil Corporation, India's largest refiner, purchased 2 million barrels of Iranian oil, marking its first purchase in seven years. They settled 95% of the cargo's value against a notice of readiness, an unusual payment method. However, Indian Oil Corporation does not plan further Iranian oil purchases.

Indian Oil Corporation will invest approximately ₹700 crore to establish large-scale bunkering facilities at Vizhinjam International Seaport. This initiative will position the port as a primary energy hub in the Indian Ocean, increasing Indian Oil Corporation's presence in maritime fueling.

Indian Oil Corporation, along with other oil marketing companies, increased the prices of domestic and commercial LPG cylinders. This action reflects the company's response to rising global energy costs, impacting its pricing strategy and potentially its revenue from LPG sales.