Indian Oil

The state-run refiner will meet Mauritius's petroleum needs for five years under a new bilateral agreement, reinforcing India’s role as a key regional energy exporter amid West Asia supply disruptions.

Indian Oil Corporation Ltd's board will meet on July 31, 2026, to review and approve Q1 results for 2026, as announced in an exchange filing.

Fuel prices remained unchanged on Monday, 1 June. The last fuel price hike was on Monday, 25 May, when both petrol and diesel prices were increased by over ₹2.50 per litre.

Domestic LPG cylinder prices in India remain unchanged as of 25 May 2026, despite global crude oil and LPG markets facing volatility amid tensions in West Asia.

The decision to hold domestic cooking gas prices steady comes at a time when global crude oil and LPG markets remain volatile due to fears of supply disruptions linked to tensions in West Asia.

LPG cylinder rates on May 22: PM Modi has urged citizens to prioritise work from home, cut fuel consumption, avoid foreign travel for a year, adopt Swadeshi products, reduce cooking oil use, shift to natural farming and curb gold purchases.

Petrol, diesel prices today, 21 May: Fuel rates across India remain steady today after prices were increased by up to 90 paise per litre on Tuesday, marking the second hike in less than a week amid elevated global crude oil prices.

Oil and gas shares increased on May 19 due to reduced US-Iran tensions, boosting optimism for crude supply stability. Major Indian oil firms saw shares rise nearly 4% as falling crude prices are expected to enhance profitability.

Chennai Petroleum Corporation shares were the top loser in the index with a fall of 3.2%. It was followed by Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) shares which dropped more than 2.5% each.