Breaking News
Thursday , August 17 2017
Home / Tag Archives: Fortune Global

Tag Archives: Fortune Global

IOC hikes petrol prices by Rs 1.23, diesel by 89 paise a litre

State-owned Indian Oil Corporation (IOC) has raised Petrol prices by Rs 1.23 per litre and Diesel prices by 89 paise with effect from June 1, 2017. With this, Petrol price in Delhi will cost Rs 66.91 per litre from June 1 as against Rs 65.32 a litre currently. Similarly, a ... Read More »

Oil India plans Rs 9,000 crore capex in FY18: Report

Oil India is reportedly planning to invest around Rs 9,000 crore in 2017-18 to drill new wells and build processing platforms for raising output. State refiners are spending heavily to upgrade facilities to produce fuel with higher emission norms. All petrol and diesel sold must meet BS-VI emission norms from ... Read More »

IOC plans Rs 20,000 crore capex in FY18: Report

Indian Oil Corporation (IOC) is reportedly planning to invest around Rs 20,000 crore in 2017-18 to augment their marketing and distribution infrastructure, including storage, pipeline and retail outlets. This is lower than the company’s spending of about Rs 22,000 crore in 2016-17. State refiners are spending heavily to upgrade facilities ... Read More »

IOC in talks with Saudi Aramco on downstream investments: Report

Indian Oil Corporation (IOC) is reportedly in talks with Saudi Aramco on downstream investments, including a mega project on its west coast, which could help the Organization of the Petroleum Exporting Countries (OPEC) member lock-in customers amid an oil supply glut. Oil producers are targeting growing demand in Asia to ... Read More »

Indian Oil Corporation to commission 1,000-km pipelines in FY18: Report

Indian Oil Corporation (IOC), a state-run oil marketing company, is reportedly planning a capital expenditure (capex) of Rs 2000 crore and commission around 1,000 km of pipelines in the current financial year to further expand its current pipeline network of around 13,000 km. Recently, India extended the fuel supply agreement ... Read More »