State-run Indian Oil Corp. Ltd (IOC) on Tuesday said its fiscal fourth-quarter profit surged 40% to Rs5,218 crore, driven by higher refinery margins and inventory gains.
Asserting that the latest round of auto fuel price hikes was mainly driven by global developments, Indian Oil Chairman Sanjiv Singh on Tuesday said the government has so far not issued any directive on holding back fuel price hikes.
State-owned Indian Oil Corp (IOC) has launched home-delivery of diesel on a pilot basis in Pune and plans to expand doorstep delivery of the fuel to other parts of the country in near future, its Chairman Sanjiv Singh said today.
India Oil chairman, Sanjiv Singh, said that bringing petroleum products under GST would be advantageous for us because then it will be a seamless transfer of taxes.
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).
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.
Indian Oil Corporation (IndianOil), has adopted 2018 as the ‘Year of Trust.’ From Pradhan Mantri Ujjwala Yojana(PMUY) to daily price revision of petrol & diesel, to the decision to leapfrog BS-VI fuels supply to Delhi by April 1, 2018
Does it make sense to set up a mega refinery in the country when there are already 23 refineries (public and private sector combined) here, is the question in the minds of many.
The Euro-VI grade petrol and diesel will be supplied to the national capital by three oil PSUs from their refineries at Mathura, Bina and Bhatinda from April to help it fight the alarming levels of air pollution.
India’s top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi’s government envisions multiple paths toward reducing the country’s dependence on petroleum-based fuels.