Tag: Indian Oil Corporation Limited

IOC contradicts Adani after Trinamool MP Mahua Moitra alleges ‘brazen theft’ in LPG deal

IOC contradicts Adani after Trinamool MP Mahua Moitra alleges ‘brazen theft’ in LPG deal

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Indian Oil Corporation (IOC) on Thursday took to Twitter to clarify on its initial pact for hiring Adani Group’s port at Gangavaram in Andhra Pradesh for LPG imports in addition to existing pacts with nearby ports, saying there is no take-or-pay agreement. The statement, which came in response to Trinamool Congress MP Mahua Moitra raising […]

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Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost billion by August

Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost $7 billion by August

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‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ ‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ India’s State-owned Oil Marketing Companies have lost an estimated $6.5 billion-$7 billion on petrol and diesel sales due to […]

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Parliamentary proceedings | Profit of oil companies increased manifold: Centre tells Rajya Sabha

Parliamentary proceedings | Profit of oil companies increased manifold: Centre tells Rajya Sabha

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LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister The profits of oil marketing companies has increased manifold, according an answer tabled in Rajya Sabha by […]

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