During his meeting with Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), Salimi rolled out ...

Uganda is eyeing a windfall on Liquefied Petroleum Gas (LPG) once its Lake Albert projects commence commercial production of oil next year, seeing itself as a net exporter onwards. This will also mean ...

LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by ...

New Delhi [India]: LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to ...

In FY25, oil marketing companies suffered significant LPG under-recoveries of nearly Rs 220 per 14.2 kg cylinder. This resulted in a total loss of Rs 41,270 crore for the three major OMCs combined ...

India consumes more than 5 million barrels per day (mb/d) of fuel and around 30 million tonnes (mt) LPG annually. Indian Oil Corporation (IOC) said that it has “ample fuel stocks” spread ...

In an X post, IOC said, "Indian Oil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no need for panic buying-fuel and LPG are readily available at ...

State-run Indian Oil Corporation’s (IOCL) performance is expected to be muted during Q4 FY25 largely on account of rising LPG under recoveries and weak refining margins. However, the country’s ...

As tensions between India and Pakistan surged following a series of missile strikes, Indian Oil Corporation Limited (IOCL) issued a public statement on Friday urging citizens to remain calm, assuring ...

In a social media post, Indian Oil stated, “#IndianOil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no need for panic buying–fuel and LPG is ...