IOCL

Indian Oil Corporation (IOC), the nation's largest oil firm, on Saturday said there was no overall shortage of petrol and diesel in the country and described fuel outages reported at some retail outlets as "highly localised" and temporary, caused by regional demand-supply mismatches and shifting sales patterns. The state-owned fuel retailer said higher demand at certain outlets was driven by a seasonal rise in diesel consumption during the harvesting season, migration of customers from private pumps where retail prices were relatively higher, and increased institutional purchases at public sector outlets as bulk fuel supplies were being priced in line with elevated international rates. The company said petrol sales during May 1-22 rose 14 per cent year-on-year, while diesel sales increased around 18 per cent, reflecting "sustained and exceptionally high" growth in demand that it continued to meet across the country. In a statement, IOC said it "wishes to reassure customers and the .

Crude oil prices fell for a second day ‌on Wednesday on expectations that peace talks between the US and Iran may resume

The selling in HPCL, IOCL, BPCL came after oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors.

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)

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Brent crude oil prices cooled off on reports that the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion

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According to a Nomura note dated March 22, industrial diesel prices were increased to ₹109.59 per litre from ₹87.57 per litre on March 20, marking a jump of about 25 per cent

A lack of effort to push alternative fuels, weak monitoring, rising demand under PMUY, and a widening gap between retail and market prices are straining India's LPG ecosystem

Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura

IOCL, BPCL, and HPCL have said that they are boosting LPG production and prioritising household supply after the Centre directed refineries to use all propane, butane, and other gas streams for LPG

The Centre has directed refiners to maximise LPG production and ensure supplies go only to state-run retailers for domestic use as tensions in West Asia threaten global energy flows

The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted

Q3FY26 company results: Nykaa, Godrej Properties, Suzlon Energy, PVR Inox, and Berger Paints India are also to release their October-December earnings today

Indian Oil and a BPCL arm have reported a new oil find in Abu Dhabi through their joint venture. The discovery follows an earlier find in 2024, the company 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

Indian Oil Corporation's (IOC) transformative project SPRINT has started to show results with improved operational performance at refineries and the company is regaining leadership position in fuel retail expansion, Chairman Arvindar Singh Sahney said. India's largest oil firm in April unveiled Project SPRINT that looks to make the firm future-ready by fashioning businesses to meet changing global energy landscape and stay relevant and profitable. SPRINT stands for strengthening core businesses of oil refining, petrochemicals and fuel marketing, propel cost optimisation to increase profitability, reinforce customer centricity, integrate technology and innovation, nurture leadership and talent, and be transition-ready. IOC called SPRINT a transformation project that will keep the firm rooted in its core strengths, while at the same time preparing for an eventual transition away from fossil fuels. "To sustain leadership in a changing energy landscape, the company must evolve with spe

IOCL share price: Indian Oil Corp shares were volatile as June-quarter profit nearly doubles but misses estimates