Page 4 - Indian Oil

One in every 10 petrol pumps in India now offering CNG, EV charging

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities

OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner

OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.

BPCL, HPCL hit 52-week lows on concerns of large losses in Q2FY23

Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive sizable inventory losses

Relief for pilot training schools as Indian Oil begins Avgas production

Global Avgas market is expected to grow from the current $ 1.92 billion to $ 2.71 billion by 2029

Windfall tax: Frequent changes create uncertainty for Indian oil producers

Experts say move is justified but government should clarify how proceeds will be utilised

Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

Air Products to supply hydrogen, nitrogen units for IOCL's Barauni refinery

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

Indian Oil removes Russian Urals from latest tender, says report

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Indian Oil buys 3 million barrels of Urals for May loading: Report

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

Slipping on oil prices

Dual diesel rates will be distortionary

India's Feb first-half gas fuel sales pick up as Covid curbs are eased

Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

The island nation is facing dwindling foreign exchange reserves and has nearly $4.5 billion worth of debt repayments in 2022, prompting it to look at innovative ways to bring in foreign exchange

State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

Indian Oil to set up 10,000 EV charging stations in next three years

Announcement follows PM Narendra Modi's goal for India to be net zero by 2070; green hydrogen to also be a part of IOC's soon-to-be-revealed new zero plan

IOC commences doorstep diesel delivery in small quantities

The company said that the service is meant for customers seeking diesel in quantities as low as 20 litres

Indian Oil's refineries running at 90% capacity utilisation: Chairman

The firm is India's largest fuel refiner and retailer

Indian Oil defers maintenance shutdown of units at Haldia: Report

Haldia refinery has two crude and vacuum distillation units.

Tata Motors bags order for hydrogen-based fuel cell buses from Indian Oil

Tata Motors on Wednesday said it has bagged an order for 15 hydrogen-based fuel cell buses from the Indian Oil Corporation Limited (IOCL).