Indian Oil Corp

Petrol and diesel costs bounce after surge in world crude charges. This is what it would price you now

Oil continues to be on the boil this festive season. In Delhi, petrol and diesel charges are up 35 paise to hit Rs 106.19 and Rs 94.92 per litre respectively. The revision comes after two days of pause in charges. Gasoline costs are actually at recent all-time excessive after a surge in world crude charges. …

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India has proper to 30% stake in Iranian gasoline area even after contract to native agency

An Indian consortium led by ONGC Videsh Ltd contractually has a proper to take a 30 per cent curiosity within the Farzad-B gasoline area improvement within the Persian Gulf even after Iranian resolution to award rights of the large area to an area agency, prime officers stated. In February, 2020, Nationwide Iranian Oil Firm (NIOC) …

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BPCL Privatisation: SEBI unlikely to exempt open gives for Petronet, IGL

India’s capital market regulator is unlikely to offer exemption to the corporate buying from making necessary open gives for LNG and Indraprastha Gasoline share purchases which will probably be countered by different promoters of the 2 companies similar to GAIL to avoid wasting from going personal, officers mentioned. Bharat Petroleum Company Ltd (BPCL) holds 12.5 …

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Diesel costs enhance once more, petrol charges stay unchanged

On Sunday, the diesel worth was raised by 25 paise per litre, marking the second hike in charges after state-owned oil companies deserted a three-week charge freeze after worldwide oil costs surged to their highest degree since 2018. In line with a worth assertion from state-owned gas sellers, the worth of diesel has been raised …

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Indian Oil Company collaborates with Automation Wherever to speed up automation

Automation Wherever, a world chief in Robotic Course of Automation (RPA) on Wednesday introduced a collaboration with IndianOil Company Restricted (IOCL), the primary oil advertising firm in India to hurry and scale automation to drive elevated innovation throughout its 30,000 worker group. Throughout the first part of a five-year plan, the corporate mentioned that IOCL …

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India’s September diesel gross sales stay beneath pre-COVID ranges

India’s gasoil consumption slowed within the first half of September from the earlier month, staying beneath pre-COVID ranges as a pick-up in monsoon rains hit mobility and demand for gasoline from the agriculture sector, preliminary gross sales information confirmed. Diesel gross sales by the nation’s state gasoline retailers got here in at 2.1 million tonnes …

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Petronet eyes recent foray into petchem enterprise; plans LNG import facility on east coast

LNG Ltd, India’s largest fuel importer, is trying to reclaim the misplaced alternatives of the previous decade because it seeks recent foray into the petrochemical enterprise and plans to arrange an LNG import facility on the east coast. Oil Secretary Tarun Kapoor, who can also be the Chairman of Petronet, within the agency’s newest annual …

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ONGC Videsh Ltd, companions relinquish Israeli oil block

Three years after its much-acclaimed maiden entry into Israeli water that was symbolic of New Delhi’s rising closeness with Tel Aviv, an ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block because of “very poor” hydrocarbon prospectivity. The consortium of OVL, Indian Oil Corp (), Oil India Ltd and Bharat Petro Assets …

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