A major fire broke out at the Indian Oil Corporation (IOC) oil storage depot in Taloja at Navi Mumbai on Monday night. It took the fire officials over six hours to douse the fire.
Price hike to improve financial health of state-run oil marketing firms, but heat up inflation
Rajeev Jayaswal NEW DELHI
OIL companies plan to raise petrol and diesel prices by 2 a litre after a week as crude touched a two-year high of $90 a barrel on Tuesday, a move that will boost the finances of state-run firms but stoke inflation.
PETROL and diesel have become costlier by up to 50 paise a litre in the country, barring 13 cities, after India switched over to cleaner Euro-III fuel on September 22, eight days ahead of the schedule.
The transition to a higher grade fuel will also mark the end of the road for Euro-II compliant automobiles in the country from October 1, leading to a 2-5% increase in the prices of certain bra
To set up solar and wind power panels across the country.
State-run Indian Oil Corporation (IOC) plans to set up solar power panels and power plants at its over 18,100 retail outlets across the country at a cost of Rs 500 crore.
Agartala: Tripura is facing a serious crisis of petrol, diesel and LPG due to non-loading of tankers from Indian Oil Corporation (IOC) outlets in Assam, state Civil Supplies Minister Manik Dey said on Sunday.
The State of Madhya Pradesh became one of the leading States in the country to upgrade from BS-II to BS-III fuel. Indian Oil on behalf of the PSU Oil Industry launched the BS-III fuel in Madhya Pradesh on Monday in the presence of Urban Administration Minister Babulal Gaur and senior officials of IOCL.
HALDIA: At a time when the Indian Oil Corporation (IOC) is making rapid progress in transforming itself into a vertically integrated transnational energy major, its Haldia refinery is likely to earn higher operational margins in the coming quarter of the next fiscal.
The Petroleum and Natural Gas Regulatory Board (PNGRB) will resume hearing the case on petroleum product pricing between private oil companies and government oil marketing companies (OMCs).
