Indian Oil has crude supplies secured for entire August, most of September
Indian Oil Corporation has secured crude oil supplies through August and most of September despite ongoing shipping disruptions in the Strait of Hormuz. The company reported a net loss for the June quarter but noted improved operational efficiencies and refinery throughput.
Why it matters
Energy security is critical for India's economy, and the company's ability to manage supply chain disruptions impacts national fuel prices and inflation.
Indian Oil Corp has crude oil supplies secured for the entirety of August and most of September, Arvinder Singh Sahney, Chairman of the state-owned oil-marketing company told reporters on Friday (July 31, 2026).
“We are comfortably placed with crude oil supplies till August and most of September, which is about 45 to 50 days,” he stated.
State-owned oil-marketing companies, that is, Bharat Petroleum, Hindustan Petroleum and Bharat Petroleum, as they sought to shield prices of retail petroleum products notwithstanding the conflict in Asia which marred shipping across the energy route, that is, the Strait of Hormuz.
The Delhi-headquartered refiner posted a net loss of ₹2,661 crore in the June-end quarter.
Peers Hindustan Petroleum and Bharat Petroleum also incurred net loss of about ₹12,265 crore and ₹3,962 crore during the same period.
Indian Oil’s overall revenues rose 26% on a year-over-year basis to about ₹2.76 lakh crore.
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