As tensions continue to escalate between India and Pakistan following Operation Sindoor, the Indian Oil Corporation (IOC) has stepped in to reassure the public. The PSU refiner has clearly stated that there is no shortage of petrol, diesel, or LPG anywhere in the country. The oil major has called on the public to avoid panic buying, which could otherwise strain supply lines and create unnecessary disruption.
India recently launched Operation Sindoor, targeting and neutralising multiple terrorist camps across nine locations in Pakistan and Pakistan Occupied Kashmir (PoK). This military action was in response to the heinous terrorist attack in Pahalgam, which resulted in heightened tensions between the two nuclear-armed neighbours.
In retaliation, Pakistan opened fire on Thursday night across the Line of Control (LoC), targeting civilian areas and Indian Army posts in Uri, Kupwara, Tangdhar, and Karnah sectors of Jammu and Kashmir. These actions mark a blatant violation of the ceasefire agreement between the two countries.
India’s armed forces have effectively neutralised all attempted attacks. Explosions were reported in Udhampur, Jammu and Kashmir, as the Indian Air Defence successfully intercepted Pakistani drones attempting to breach Indian airspace.
Amid the escalating geopolitical situation, rumors of a possible fuel crisis led to a rush at petrol pumps in some regions. Addressing this, Indian Oil took to social media to quash the panic and confirm the stability of fuel supplies.
In a public advisory, Indian Oil Corporation posted the following:
"#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 readily available at all our outlets."
They further added:
"Help us serve you better by staying calm and avoiding unnecessary rush. This will keep our supply lines running seamlessly and ensure uninterrupted fuel access for all."
Indian Oil, which operates over 34,000 fuel stations across India, reiterated that its logistics and distribution networks are functioning normally. Officials say that their fuel depots and LPG bottling plants are fully operational, and there is no disruption to ongoing fuel deliveries.
While the security situation along the India-Pakistan border remains volatile, the domestic fuel supply remains unaffected. Indian Oil’s proactive communication aims to prevent unnecessary hoarding and ensure smooth operations during national emergencies.
Indian Oil Corporation Limited (IOCL) is India's largest commercial oil company and a Maharatna public sector undertaking. Here's a comprehensive overview:
Established in 1964 through the merger of Indian Oil Company Ltd. (formed in 1959) and Indian Refineries Ltd. (established in 1958).
The first public sector refinery was inaugurated in Guwahati in 1962.
Shares were listed on the Bombay Stock Exchange (BSE) in 1995.
The company was granted Maharatna status by the Government of India in 2010.
Largest refiner in India: With a refining capacity of 70.25 million metric tonnes per annum (MMTPA). This capacity is planned to increase to 87.9 MMTPA.
Extensive Pipeline Network: Operates a network of approximately 20,000 km of crude oil, petroleum product, and gas pipelines, with a throughput capacity of about 100.477 MMT of oil in FY 2024-25.
Market Presence: IndianOil and its subsidiaries hold a significant share of the Indian petroleum products market and refining capacity.
Global Ranking: It is consistently ranked among the top global companies in the Fortune 'Global 500' listing.
Customer Reach: Has a vast network of over 43,000 customer touchpoints, including more than 24,400 fuel stations and a wide network of Indane LPG distributors reaching millions of households.
IndianOil owns and operates several refineries across India, including:
Digboi Refinery (Assam): One of the oldest operating refineries.
Guwahati Refinery (Assam)
Barauni Refinery (Bihar)
Gujarat Refinery (Vadodara, Gujarat)
Haldia Refinery (West Bengal)
Mathura Refinery (Uttar Pradesh)
Panipat Refinery and Petrochemical Complex (Haryana): Includes a large naphtha cracker and polymer units. Capacity is being expanded.
Paradip Refinery (Odisha): A modern, large-capacity refinery.
Bongaigaon Refinery (Assam)
Additionally, IndianOil has a majority stake in Chennai Petroleum Corporation Ltd (CPCL), which operates refineries in Chennai and Nagapattinam.
IndianOil's diverse range of products caters to various sectors:
Auto Fuels: XTRAPREMIUM petrol, XTRAMILE diesel.
LPG: Indane cooking gas.
Lubricants: SERVO lubricants, a well-established brand.
Aviation Fuel: Catering to domestic and international airlines with a significant market share.
Petrochemicals (under the brand PROPEL): Linear Alkyl Benzene (LAB), Purified Terephthalic Acid (PTA), Paraxylene (PX), Mono Ethylene Glycol (MEG), Polypropylene (PP), Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Benzene, Carbon Black Feed Stock (CBFS), etc., used in various industries like textiles, detergents, plastics, and agriculture.
Special Products: Paraffin wax, raw petroleum coke, sulphur, jute batching oil, etc., for specific industrial applications.
Other: Bitumen, furnace oil, kerosene, auto gas.
IndianOil has a network of subsidiaries and joint ventures, both in India and abroad, focusing on various aspects of the energy value chain:
Chennai Petroleum Corporation Ltd (CPCL): Refining of petroleum products.
IndianOil (Mauritius) Ltd.: Terminalling, retailing, aviation refueling, and bunkering in Mauritius.
Lanka IOC PLC (Sri Lanka): Retailing, terminalling, and bunkering in Sri Lanka.
IOC Middle East FZE (UAE): Lube blending and marketing of lubricants and base oil.
IOC Sweden AB (Sweden): Investment company for E&P projects and battery technology.
IOCL (USA) Inc. (USA): Participation in shale gas asset projects.
IndOil Global B.V. (Netherlands): Investment company for E&P assets.
IOCL Singapore Pte Ltd.: Trading operations and investment in E&P and alternative energy.
IOC Global Capital Management IFSC Limited: Finance activities in the International Financial Service Centre (IFSC).
Mercator Petroleum Limited: Exploration and Production (E&P) of Crude Oil.
Terra Clean Limited: Green Energy Business.
IndianOil Adani Gas Pvt. Ltd.: City Gas Distribution with Adani Total Gas Ltd.
Green Gas Ltd.: City Gas Distribution with GAIL (India) Ltd.
Petronet LNG Ltd.: LNG imports and regasification with other major oil and gas companies.
Hindustan Urvarak and Rasayan Ltd.: Setting up and operating fertilizer plants with other PSUs.
IHB Ltd.: LPG pipeline laying and operation with other oil marketing companies.
Indian Oiltanking Ltd (now known as IndianOil Adani Ventures Ltd.): Terminalling and EPC services, and production of Compressed Bio-Gas (CBG) with Adani Ports and SEZ Ltd.
IOC Phinergy Pvt. Ltd.: Commercialization of aluminum-air battery technology with Phinergy, Israel.
IndianOil's mission is to achieve international standards of excellence in all aspects of energy and diversified business, focusing on customer delight, maximizing stakeholder value, and attaining leadership through technology and innovation, while maintaining high ethical standards and environmental consciousness.