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Fuel price cut: Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down

Indian state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), are reportedly losing nearly Rs 3 per liter on diesel, with reduced profit margins on petrol due to international oil price fluctuations. Despite a record Rs 69,000 crore profit in the first nine months of the fiscal year, the companies have not revised fuel prices for almost two years, citing market volatility and previous unrecouped losses. ....

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Indian Oil Corp Share Price: Indian Oil Corp. shares up 3.28% as Sensex rises

A total of 2,239,985 shares changed hands on the counter till 10:05AM (IST) ....

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Indian Oil Corp Share Price: Indian Oil Corp. shares up 1.4% as Nifty gains

A total of 2,369,472 shares changed hands on the counter till 10:41AM (IST). ....

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India's IOC sees growth in gasoline, diesel sales in FY25, Auto News, ET Auto

Ioc: Indian Oil Corp, the leading refiner in India, anticipates a growth of 4.5% to 5% in its gasoline sales for the financial year ending on March 31, 2025, according to Satish Kumar Vaduguri, the head of marketing at the company. ....

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bpcl: ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh crore in FY25

ONGC, IOC, and other oil PSUs plan to invest Rs 1.2 lakh crore in oil and gas exploration, refineries, petrochemicals, and pipelines in the coming fiscal year. ONGC s capital spending will be Rs 30,800 crore, slightly higher than the previous year. OVL, ONGC s overseas arm, will invest Rs 5,580 crore abroad. IOC will invest Rs 30,910 crore, primarily in refinery expansion. BPCL plans to spend Rs 13,000 crore, while HPCL will invest Rs 12,500 crore. ....

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