Indian Oil Corp.
Coverage of Indian Oil Corp. in the Nexus archive.
- Indian Oil Buys Record Spot Market Crude on Mideast Supply Hit
Indian Oil Corp purchased a record share of its crude oil from the spot market during the April-June quarter due to the US-Iran conflict disrupting Middle East supplies. The company is adjusting its procurement strategies amid geopolitical tensions.
- India Raises Diesel, Gasoline Prices for Fourth Time This Month
India has raised diesel and gasoline prices for the fourth time this month, posing a threat to the economy's recovery. High local taxes on retail fuel risk exacerbating inflation and creating tension between fiscal and monetary policy objectives.
- India Braces for More Fuel Hikes As Iran War Forces Modi’s Hand
India prepares for potential fuel hikes due to the Iran war, while oil prices fell and stocks surged after a US-Iran ceasefire agreement. The Middle East conflict has driven market turbulence. India's Prime Minister Modi may be forced to act.
- India Hikes Fuel Prices For The First Time in Four Years
India has increased fuel prices for the first time in four years, marking a significant shift in the country's energy pricing policy. The hike affects petroleum products across the nation and impacts consumers and businesses that rely on fuel.