IOC’s fuel market share climbs to 43% in FY23

05 Apr 2023 Evaluate

Indian Oil Corporation’s (IOC) fuel market share climbed to 43 per cent in the fiscal year that ended on March 31 (FY23) during which all its divisions posted stellar performance. IOC added almost 1,800 petrol pumps, clocked highest ever throughput at its refineries, posted a 14 per cent jump in fuel sales and registered the highest-ever pipeline expansion during 2022-23 (April 2022 to March 2023).

The company's refineries clocked the highest-ever throughput of over 72.4 million tonnes in 2022-23, compared with 67.67 million tonnes in the previous fiscal year. Its liquid pipelines throughput jumped from about 83.25 million tonnes in 2021-22 to the highest ever 94.7 million tonnes in 2022-23.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Indian Oil Corp. Share Price

167.75 1.50 (0.90%)
28-Mar-2024 16:01 View Price Chart
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