Indian Oil Corporation & India
50 shared events · Importance 17 · Last updated May 17, 2026
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Domestic
Indian Oil Corporation: 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.
India: India's government is facing a political decision regarding fuel price hikes to alleviate the financial burden on OMCs, while also absorbing a significant cost through excise duty reductions to insulate consumers from global energy shocks.
May 10, 2026 · 8 articles
Domestic
Indian Oil Corporation: 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.
India: India, as the world's third-biggest oil importer, is significantly affected by rising global crude oil prices and has implemented fuel price hikes and austerity measures to manage the economic strain.
May 15, 2026 · 20 articles
Domestic
Indian Oil Corporation: 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.
India: India's economy is impacted by rising inflation and potential widening of the current account deficit due to increased fuel prices and crude oil imports.
May 15, 2026 · 10 articles
Business
Indian Oil Corporation: Indian Oil Corporation Ltd incurred significant under-recoveries due to maintaining fuel prices despite surging input costs, impacting its balance sheet and refining margins.
India: India's government intervened by cutting excise duties to mitigate the impact of rising crude prices on its state-run oil marketing companies and consumers, prioritizing economic continuity.
Apr 29, 2026 · 16 articles
Domestic
Indian Oil Corporation: 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.
India: India's government sources indicate a potential petrol and diesel price hike due to mounting losses from a four-year freeze on retail rates, impacting its economy and citizens.
May 01, 2026 · 10 articles
Domestic
Indian Oil Corporation: 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.
India: India is facing economic pressure due to surging global crude oil prices and is attempting to manage its foreign exchange reserves and inflation through public appeals and government measures.
May 10, 2026 · 6 articles
International
Indian Oil Corporation: 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.
India: India signed several pivotal agreements with the United Arab Emirates, enhancing its energy security, defense capabilities, and attracting significant investments.
May 15, 2026 · 11 articles
International
Indian Oil Corporation: 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.
India: India is seeking to enhance its energy security through strategic partnerships with the United Arab Emirates, securing long-term supplies of crude oil, LPG, and LNG, and investing in upstream and strategic petroleum reserves.
May 13, 2026 · 7 articles
Tech
Indian Oil Corporation: 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.
India: India is promoting green mobility and sustainable public transport infrastructure through this pilot project, aiming for future adoption of clean-energy solutions across its cities.
May 14, 2026 · 7 articles
International
Indian Oil Corporation: 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.
India: India secured $5 billion in investments from the United Arab Emirates and signed crucial agreements on defense, energy security, and maritime infrastructure, bolstering its economic growth and strategic position.
May 15, 2026 · 6 articles
Regulatory
Indian Oil Corporation: Indian Oil Corporation provided two hydrogen-fueled buses for the shuttle service, showcasing its commitment to green energy solutions.
India: India's government agencies and companies are collaborating to promote environmentally friendly transportation solutions within the country.
May 15, 2026 · 6 articles
Domestic
Indian Oil Corporation: 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.
India: India is implementing the PM E-DRIVE scheme and other initiatives to accelerate the nationwide transition to clean mobility, aiming for Net Zero emissions by 2070 and strengthening its automotive sector.
May 12, 2026 · 6 articles
International
Indian Oil Corporation: Indian Oil Corporation will explore expanded LPG supply and trading opportunities with Abu Dhabi National Oil Company.
India: India deepened defense and energy ties with the United Arab Emirates, signing a strategic defense partnership framework and pacts on petroleum reserves and LPG supply. It also received commitments for $5 billion in investments from the United Arab Emirates.
May 15, 2026 · 6 articles
Regulatory
Indian Oil Corporation: 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.
India: India, as a major importer of LPG, is directly affected by global price fluctuations and geopolitical tensions, leading to increased costs for commercial LPG users within the country.
May 01, 2026 · 17 articles
International
Indian Oil Corporation: Indian Oil Corporation (IOC) continues to purchase oil from non-sanctioned Russian entities, distinguishing its strategy from other Indian refiners.
India: India's imports of Russian fossil fuels decreased significantly in December 2025, falling to third place among buyers. This reduction was primarily due to cuts by Reliance Industries and state-owned refiners, impacting India's energy import strategy.
Jan 13, 2026 · 10 articles
International
Indian Oil Corporation: 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.
India: India is facing an acute cooking gas shortage due to the conflict, leading to increased domestic LPG production and efforts to secure alternative imports.
Apr 08, 2026 · 307 articles
Tech
Indian Oil Corporation: Indian Oil Corporation's Haldia refinery conducted trials of FOWE Eco Solutions' technology, confirming fuel savings in captive power operations.
India: India is facing high energy import costs and a weakening rupee. The adoption of Cavitech technology could significantly reduce its crude oil imports, save foreign exchange reserves, and alleviate pressure on the India — Indian rupee.
May 17, 2026 · 7 articles
Regulatory
Indian Oil Corporation: Indian Oil Corporation supports hydrogen-based bus services for last-mile connectivity, aligning with sustainable mobility goals.
India: India benefits from the initiatives as they align with national priorities for energy security and environmental sustainability.
May 17, 2026 · 8 articles
International
Indian Oil Corporation: 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
Business
Indian Oil Corporation: 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
International
Indian Oil Corporation: 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
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