New Delhi, July 27 (IANS) The government on Monday said E20 petrol offers better acceleration, improved ride quality and nearly 30 per cent lower carbon emissions than E10 fuel, while extensive studies and real-world data have found no evidence of ethanol-induced engine corrosion, abnormal wear or reduction in vehicle life, including in millions of legacy vehicles operating on higher ethanol blends.Responding to a question in the Rajya Sabha, Minister of State for Petroleum and Natural Gas Sures…
Latest Indian Oil Corporation News & Updates
New Delhi, July 12 (IANS) India’s imports of Russian crude oil climbed to a record high in June, even as Russia’s overall oil export revenues declined amid softer global prices, according to a report by the Centre for Research on Energy and Clean Air (CREA).The report said India imported Russian crude worth EUR 4.5 billion during the month, a 34 per cent increase over May. Crude oil accounted for 83 per cent of India’s total Russian fossil fuel imports, which stood at EUR 5.5 billion in June, ma…
New Delhi, June 30 (IANS) The Supreme Court on Tuesday ordered maintenance of status quo on ethanol allocation for the Ethanol Supply Year (ESY) 2025-26, temporarily staying the effect of a Karnataka High Court direction requiring oil marketing companies (OMCs) to reconsider the allocation made to a dedicated ethanol manufacturer. A bench of Justices M.M. Sundresh and Sheel Nagu passed the interim order while hearing a special leave petition (SLP) filed by Bharat Petroleum Corporation Limited (B…
Jaipur, June 5 (IANS) Rajasthan’s mining and petroleum sectors are witnessing significant investment momentum, with projects worth Rs 33,000 crore currently under execution and Rs 15,000 crore already translated into on-ground investments, according to State Additional Chief Secretary (Mines and Petroleum) Aparna Arora. Leading the investment wave are marquee projects by UltraTech Cement, Hindustan Copper Limited, and Indian Oil Corporation.UltraTech’s Rs 2,230-crore cement plant has already com…
Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…
New Delhi, May 23 (IANS) There is no overall shortage of petrol and diesel in the country and outages reported at some retail outlets are “highly localised” and temporary, Indian Oil Corporation (IOC) said on Saturday.These small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement. The company is closely monitoring the situation and taking adequate measures to address these isolated situations and ensure uninterrupted fuel supplies to …
New Delhi, May 19 (IANS) Prime Minister Narendra Modi’s visit to the United Arab Emirates has assumed major strategic significance as India and the Gulf nation signed key energy agreements at a time of rising geopolitical tensions and volatile oil markets triggered by the US-Israel conflict with Iran.The UAE visit marked the first leg of PM Modi’s five-nation tour, which will also take him to the Netherlands, Sweden, Norway and Italy.Analysts said the timing of the visit reflected India’s …
Jaipur, May 19 (IANS) Rajasthan witnessed the second hike in petrol and diesel prices within a week on Tuesday, as petroleum companies increased petrol rates by around 94 paise per litre and diesel by approximately 91 paise per litre. Following the latest revision, petrol prices in Jaipur have risen to Rs 108.91 per litre, while diesel is now being sold at Rs 94.14 per litre.The fresh increase comes just four days after fuel prices were hiked by Rs 3 per litre on May 15, intensifying concerns ov…
New Delhi, May 19 (IANS) State-run oil marketing companies on Tuesday raised petrol and diesel prices for the second time in less than a week amid soaring global crude oil prices.Following the latest revision, petrol became costlier by 86 paise per litre and diesel by 83 paise per litre.In the national capital, petrol prices rose to Rs 98.64 per litre, while diesel prices increased to Rs 91.58 per litre.The increase comes days after oil firms raised petrol and diesel prices by Rs 3 per litre on …
Mumbai, May 18 (IANS) Transport Minister and Maharashtra State Road Transport Corporation (MSRTC) Chairman, Pratap Sarnaik, on Monday said that State Transport (ST) buses remain an essential public transit service for citizens in rural areas, and maintaining this service while ensuring financial stability is a key challenge ahead for the corporation.Against the backdrop of rising fuel costs, a proposal for a passenger fare hike is under consideration; however, fares will not be increased immedia…