New Delhi, April 12 (IANS) The Indian Oil Corporation has conducted over 10,600 inspections, and strict actions have been taken against erring persons and agencies, including show-cause notices and suspensions, it said in a statement.Additionally, in coordination with state governments, over 1.2 lakh raids and more than 990 FIRs have been done nationwide, across the industry to safeguard fair distribution, IndianOil said in a post on X. “Indane distributorships remain under continuous surveill…
Latest Indian Oil Corporation News & Updates
Indore, April 4 (IANS) In view of the ongoing nationwide LPG supply constraints triggered by global geopolitical tensions, the Indore district administration, on Saturday, temporarily suspended the supply of commercial LPG cylinders to ensure uninterrupted availability for domestic households. The decision aims to conserve existing stocks and channel them exclusively towards meeting the cooking needs of ordinary families.This move aligns with similar measures taken across several states to safeg…
New Delhi, April 3 (IANS) Indian Oil Corporation (IOC) on Friday said that it is delivering around 28 lakh LPG cylinders daily as domestic gas supply across the country remains stable and adequate.The state-run oil firm said operations remain steady and consistent with normal levels, even amid evolving geopolitical challenges.IndianOil also reassured consumers that there is no shortage and advised against panic booking or stockpiling.“IndianOil continues to ensure uninterrupted LPG supply to h…
New Delhi, April 2 (IANS) The government’s calibrated 8.5 per cent hike in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts.Analysts at global brokerage firm Nomura have estimated that state-owned fuel retailers continue to lose heavily on ATF sales amid a war-driven surge in global oil prices.At current prices, the brokerage has estimated that OMCs are losing around Rs 64 per litre on domestic ATF sales…
New Delhi, April 1 (IANS) Congress National President Mallikarjun Kharge on Wednesday launched a sharp attack on the Centre over the “rising prices of essential commodities”, including LPG, air travel, and medicines, accusing the government of economic mismanagement.In a post on X, Kharge said, “The Modi government has completely dismantled the country’s strategic and economic policies — a direct consequence of which is now being borne by 1.4 billion Indians.”Referring to recent price revisions…
New Delhi, April 1 (IANS) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India — deregulated since 2001 — are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for domestic markets…
New Delhi, April 1 (IANS) PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital.XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency.Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously…
Bengaluru, March 31 (IANS) The Congress on Tuesday launched a scathing attack on the Bharatiya Janata Party-led Central Government over a fresh wave of price hikes set to take effect on April 1.Addressing a joint press conference at the KPCC headquarters in Bengaluru, AICC general secretary Randeep Singh Surjewala and Karnataka deputy Chief Minister DK Shivakumar categorized the new fiscal year as a “day of loot, rob, and fleece” for the hardworking citizens of the country.Surjewala said, “Com…
Patna, March 27 (IANS) Bharatiya Janata Party (BJP) MP Manoj Tiwari on Friday hailed the Centre’s move to cut excise duty on petrol and diesel, calling it a “Ram Navami gift for the country”.Manoj Tiwari said, “This is the biggest news of the day. The country has received a gift on Ram Navami.””There was a feeling in the country that, as a result of the conflict in the Gulf region, the prices of petrol and diesel could increase by Rs 10 to Rs 12 (per litre). But the Indian government took the en…
New Delhi, March 27 (IANS) BJP MPs Anurag Thakur and Hema Malini on Friday welcomed the central government’s decision to slash excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices.The reduction comes amid fears of a price hike due to the global energy crisis, triggered by the US-Israel conflict with Iran and the resultant blockade of the Strait of Horm…