Indian Oil Corp

Prices of 5 kg FTL (Free Trade LPG) cylinders have been increased by ₹11, and will cost ₹821.50 in Delhi

IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery

S&P said Indian Oil may receive extraordinary support from the Indian government if the company comes under financial stress

S&P Global Ratings on Friday said state-owned Indian Oil Corporation (IOC) faces rising pressure to balance fuel affordability with profitability as prolonged tensions in West Asia increase crude oil prices and squeeze marketing margins. The ratings agency said disruptions in the Strait of Hormuz and elevated crude prices could widen the gap between domestic retail fuel prices and raw material costs, potentially hurting the company's earnings, cash flow and liquidity position over the next 12 months. India, the world's third-largest oil importer, relies heavily on imported crude to meet domestic fuel demand, with diesel accounting for nearly 39 per cent of total petroleum consumption. "IOC faces a conundrum. Its earnings and cash flow over the next 12 months are turning increasingly uncertain as the Middle East conflict becomes protracted. IOC has to balance its role of meeting the country's energy needs while absorbing losses due to high crude oil prices," it said. "Given the ...

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

A top official of the Lanka Indian Oil Corporation, the company's Sri Lanka operation, on Saturday assured continued fuel supplies amid the ongoing conflict in West Asia. The statement from Lanka Indian Oil Corporation (LIOC) comes after Sri Lanka's foreign minister, Vijitha Herath, expressed confidence that the request to his Indian counterpart, Dr S. Jaishankar, would help sustain island nations' energy supply chain. Herath discussed the matter with Jaishankar during his official visit to India on March 6. Addressing a gathering of management students here on Saturday, K Raghu, the managing director of LIOC, said,"As the Managing Director of Lanka IOC, I only want to tell the people that you are all in safe hands." "We will maintain the fuel line and provide energy security to the country, which is very important," Raghu added. "I will not say the situation is very rosy, but I will definitely assure you that you are all in safe hands, he said, adding that the companies and the .

IOC bought 2 million barrels of medium-heavy sour Oriente oil, the sources said, without elaborating ‌on the pricing and seller

JM Financial said Brent crude is likely to remain subdued at around $65 per barrel in the near term, at least until the US mid-term elections in November 2026

India's top refiner, IOC, has also bought some cargoes of Russian oil for January loading, they said

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

The IOC petrochemicals segment posted a profit of Rs 170 crore versus a loss of Rs 1 crore in Q1FY26

The partnership with Vitol will help Indian Oil cut crude-procurement costs from spot markets and improve margins through access to new buyers

India's state-run oil refiners procure crude oil from Russia from the spot market through traders, shielding the companies from direct impact of the US sanctions

Indian Oil Corporation (IOC), the nation's biggest oil company, will comply with all applicable sanctions, Chairman Arvinder Singh Sahney said on Monday, steering clear of remarks on purchases from Russia. Indian refiners are likely to scale back on the import of Russian oil to avoid secondary sanctions on shipping and banking after the US imposed fresh sanctions with a view to curbing Moscow's earnings from oil sales. "We will abide by all sanctions imposed by the international community," he said. He, however, refused to comment on the IOC's purchases of Russian oil. Russian oil made up for 21 per cent of the crude oil IOC imports during April-September. IOC's subsidiary Chennai Petroleum Corporation Ltd (CPCL) has halved Russian oil imports this month, coinciding with the fresh sanctions the US imposed on Russian oil. US President Donald Trump, late October 22, imposed sanctions on Russia's Rosneft and Lukoil, in a bid to pressure Moscow into ending its war on Ukraine. A day l

State-run company is expanding the capacity of its three refineries to raise crude processing by 346,000 bpd over the next two years and also plans to build a 180,000 bpd refinery in southern India

IOC Chairman Arvinder Singh Sahney outlines growth roadmap, defends E20 fuel, and shares updates on refinery and green hydrogen projects

H Shankar elevation comes amid the Indian Oil Corporation (IOCL) arm's plan to foray into the fuel retail business and line up expansion plans