With an annual increase of 22% in sale of auto LPG (ALPG), Indian Oil Corporation is looking to increase the number of stations dispensing it.
State-owned Indian Oil Corp (IOC) today signed an initial pact with Israel’s Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles(EVs).
Punjab government on Monday signed a Memorandum of Understanding (MoU) with the Indian Oil Corporation Ltd for setting up of bio-gas and bio-CNG plants in the state, as part of the state’s concerted efforts to find sustainable solutions to paddy straw burning, which has emerged as a major environmental concern.
Indian Oil Corporation (IOC) today bought its third shipload or cargo of US crude oil as it looks at cheaper alternatives that have emerged due to the global supply glut.
Rising crude oil prices would expand the need for working capital and raise energy cost for Indian Oil Corporation (IOC), the nation’s largest refiner and fuel retailer, chairman Sanjiv Singh said in an interview to ET’s Sanjeev Choudhary.
The Indian Oil Corporation (IOC) has come up with a facility wherein the consumers can book their gas cylinders through social media platforms – Facebook and Twitter.
The Indian Oil Corporation (IOC) must abandon work on its cooking gas receiving jetty and storage facilities on Puthuvype island near Kochi as the project was unviable in such a thickly populated area, said a group of environmentalists led by former chairman of Kerala State Biodiversity Board V.S. Vijayan at a press conference here on Monday.
State-owned oil marketing companies want banks to reduce card transaction fees for petrol and diesel purchases by half, four people aware of the development said.
With crude oil prices hovering at over two year-highs, the losses faced by Indian Oil marketing Companies (OMCs) on subsidized sales of petroleum products are seen rising to a range between Rs 22,000 crore and Rs 25,000 crore in the current financial year.
The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.