New Delhi, May 10 (IANS) Prime Minister Narendra Modi will visit Karnataka and Telangana on Sunday, during which he will participate in the 45th anniversary celebrations of the Art of Living in Bengaluru and launch, inaugurate and dedicate to the nation multiple development projects worth around Rs 9,400 crore in Hyderabad.According to a statement by the Press Information Bureau (PIB), the Prime Minister will first attend the celebrations at the Art of Living International Centre in Bengaluru at…
Latest Indian Oil Corporation News & Updates
Bengaluru, May 9 (IANS) Prime Minister Narendra Modi will visit Karnataka and Telangana on Sunday, May 10, during which he will participate in the 45th anniversary celebrations of the Art of Living in Bengaluru and launch, inaugurate and dedicate to the nation multiple development projects worth around Rs 9,400 crore in Hyderabad.According to a statement by the Press Information Bureau (PIB), the Prime Minister will first attend the celebrations at the Art of Living International Centre in Benga…
New Delhi, May 1 (IANS) Aviation turbine fuel (ATF) prices for foreign carriers were raised by around 5 per cent on Friday — marking the second consecutive monthly increase, even as domestic airlines were shielded from any revision.State-run oil marketing companies, including Indian Oil Corporation, revised the rates in line with elevated global energy prices.The hike applies only to international operations and foreign carriers, while ATF prices for domestic airlines remain unchanged.In Delhi,…
New Delhi, May 1 (IANS) Crude oil prices rose on Friday as efforts to resolve the Iran crisis reached a stalemate, with Tehran continuing to block the Strait of Hormuz and Washington restricting Iranian crude exports.Brent futures for July on Intercontinental Exchange gained $0.81, or 0.73 per cent, to $111.21 a barrel, while West Texas Intermediate rose 31 cents, or 0.30 per cent, to $105.37. Both benchmarks have posted gains for four consecutive months, analysts noted.Brent crude oil had cross…
New Delhi, May 1 (IANS) The price of a 19-kg commercial LPG cylinder has been increased by Rs 993, starting Friday, and after the revision, a 19-kg cylinder will now cost Rs 3,071.5 in Delhi.However, there has been no change in the price of domestic LPG cylinders for 33 crore users, the Indian Oil Corporation (IOC) said in a statement.This is the third time that the price of a 19-kg commercial LPG cylinder has been increased since February 28, when the US-Israel and Iran war began.It first saw a…
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…
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…