Petrol, diesel price: A typo that could have cost Rs 18 crore a day

Petrol, diesel price: A typo that could have cost Rs 18 crore a day

On Wednesday, a faux pas by the Indian Oil Corporation (IOC) led to an embarrassment of sorts after a ‘technical glitch’ on its website wrongly notified that petrol and diesel prices have been cut by 60 paise and 59 paise respectively, before it was found out that the reduction actually was of 1 paise per litre on both the petro products.

Petrol price cut faux pas has people fuming

Petrol price cut faux pas has people fuming

After continuous hike in fuel price for 16 consecutive days, there is ‘a drop’ in the rates- of one paisa. The Indian Oil Corporation (IOCL) in a statement clarified that the petrol prices in Delhi have gone down by one paisa and not 60 paisa, as reported earlier.

Bengal Pipeline Impasse

Bengal Pipeline Impasse

The proposed 125km pipeline by the Hiranandanis in south Bengal which will stretch to Bangladesh is facing more hurdles with state-owned Indian Oil Corporation claiming to be the sole supplier of regasified liquefied natural gas (RLNG) under an MoU between New Delhi and Dhaka.

IOC Targets Marketing Arm Of GAIL

IOC Targets Marketing Arm Of GAIL

State-owned refiner Indian Oil Corporation has expressed its interest in acquiring the marketing arm of gas transporter GAIL India, as the government plans to split the firm into two before the end of this fiscal.

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