Indian Oil Corporation

Oil and Natural Gas Corporation (ONGC), one of the Navratna PSUs, made a significant announcement today. The company said that it is reconsidering its decision to get into fuel retailing business and will hold its plans to roll out...

In spite of retailing fuel at an artificially low price set by the government, Indian Oil Corporation (IOC), the country’s leading fuel refiner and retailer has recorded an impressive 8.7 per cent year-on-year growth in sales volume till March...

It is the time for ‘new retail formats’ in the Indian retail landscape. According to a latest Technopak study on ‘Top trends in Indian retail sector', India will see the emergence and widespread growth of new retailing formats such...

Fuel price hike may not be good news for all; however, it brought some relief to oil retailing companies like Indian Oil Corporation (IOC), Reliance Petroleum and Hindustan Petroleum, who’ve been incurring huge losses due to subsidies in domestic...

Indian Oil Corporation (IOC), Reliance Petroleum and Mangalore Refinery and Petrochemicals Ltd (MRPL) have condemned the central government’s unfavourable decision on retail price of fuel. Speaking to Indiaretailing, a Reliance spokesperson said, “Though the prices of fuel in our outlets...

Disappointing the expectations of fuel retailers, Indian ministers have failed to attain a decision on revising oil prices. "Nothing is decided," is all that Oil Secretary MS Srinivasan had to tell the media. However, the union minister for petroleum and natural...

To mitigate losses of over Rs 300 crore per day on the sales of automobile fuels, petroleum retail players in India are planning to open more outlets throughout the country. Big public sector players like Indian Oil, Bharat Petroleum and...