Indian Oil Corporation (IOC)
Russia Remains Top Oil Source For India, Despite Red Sea Woes
Finance Government International National News Trade

India’s Rupee Payment Push For Oil Imports Stalls Over Supplier Concerns

India’s attempt to use the rupee for crude oil imports has not been given the desired outcomes, said the Oil ministry. The suppliers have expressed concerns about repatriating funds and high transactional costs. As per international trade practice, the default payment currency for all contracts for importing crude oil is the USD. However, to globalise […]

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Commercial LPG Cylinder Prices Down By Rs 30.50
Companies National News States

Commercial LPG Prices Reduced By Rs 39.50 In Major Cities

In a development that may bring relief to users of commercial cooking gas, such as hotels and restaurants, Oil Marketing Companies (OMCs) announced a reduction of Rs 39.50 in the prices of 19 kg LPG cylinders across the four major metropolitan cities on Friday. Typically, state-owned entities like Indian Oil Corporation (IOC), Bharat Petroleum Corporation […]

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Oil Companies May Reduce Petrol, Diesel Prices Soon
National News

Rise In Petrol, Diesel Prices Unlikely As Election Season Nears: Moody’s

Despite rising raw material costs, increase in the prices of petrol and diesel are improbable, due to the forthcoming general elections, according to Moody’s Investors Service. The price of petrol and diesel has been frozen for a record-breaking 18 months thanks to three state-owned gasoline retailers: Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and […]

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