Indian Oil Corp Ltd, the country's top refiner, posted an 82.7 per cent slump in second-quarter profit on Thursday, missing estimates widely, due to higher inventory losses and lower refining margins.

Indian Oil profit tanks 83% as refining margins shrink

As tensions with Pakistan escalated, Indian oil companies have put in motion a "very strong plan" including moving a convoy of 500 trucks to ensure uninterrupted fuel supplies to all defence and strategic assets, top officials said Wednesday.

'Very strong plan' to ensure fuel supplies to defence in place; 500 trucks move to refill depots

Indian Oil Corp Ltd (IOC) reported a nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.

Indian Oil's third-quarter profit plunges almost 91 per cent

India's Iranian oil imports are set to hit a seven-year high in the year with refiners buying at least 400,000 barrels per day

India's biggest shipping firm to resume sailing to Iran after four-year gap