Indian Oil Corporation Limited has announced a significant change in its senior management structure, with the departure of a key executive to a subsidiary company's board position.

Senior Management Transition

Shri S G Venkatesh, who held the position of Executive Director (Petrochemicals) in the Business Development Group, ceased to be a Senior Management Personnel of Indian Oil Corporation on January 5, 2026. This change represents a transition within the broader Indian Oil group structure rather than a complete departure from the organization.

Appointment to Subsidiary Board

The executive's departure from Indian Oil Corporation's senior management was prompted by his appointment as Director (Technical) on the Board of Chennai Petroleum Corporation Limited (CPCL). CPCL operates as a subsidiary of Indian Oil Corporation Limited, indicating that this represents an internal promotion within the group's organizational structure.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing stock exchanges about this management change. The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which requires listed companies to disclose material changes in senior management personnel.

Corporate Structure Impact

This management transition reflects the dynamic nature of leadership roles within large corporate groups. The movement of senior executives between parent companies and subsidiaries is common in integrated business structures, allowing for knowledge transfer and strategic alignment across different entities within the same corporate family.

Indian Oil Corporation has announced a substantial price increase for 19-kg commercial LPG cylinders, implementing a hike of ₹111.50 per cylinder effective January 1, 2026. This revision represents the latest monthly adjustment for commercial cooking gas, significantly impacting businesses across the hospitality and food service sectors.

Metro-Wise Price Changes

The price revision has affected major metropolitan areas with varying rates across cities. The following table shows the current pricing structure for 19-kg commercial LPG cylinders:

The sharp revision is expected to create immediate pressure on operating margins for hotels, restaurants, and small eateries, who may eventually transfer this cost burden to consumers through increased food prices.

Year-over-Year Comparison

Despite the significant monthly increase, current pricing remains below previous year levels. On January 1, 2025, the 19-kg commercial cylinder in Delhi was priced at ₹1,804.00, making the current Delhi rate ₹112.50 lower than the same period last year. This indicates that multiple downward revisions occurred throughout 2025 before today's increase.

Revision Frequency and Pattern

Indian Oil's published revision history reveals systematic monthly adjustments based on prevailing benchmarks and costs. The January 1, 2026 change marks the 13th price revision since January 1, 2025, with rates adjusting almost every month to reflect market conditions.

Impact on Different Consumer Segments

The revision specifically targets commercial users while providing some relief to other segments:

• Commercial users: Face increased operational costs through higher LPG prices
• Domestic consumers: Household LPG cylinder prices remained unchanged, limiting immediate impact on family budgets
• Natural gas users: Indraprastha Gas Ltd announced a ₹0.70 reduction in piped natural gas rates for household cooking in Delhi and NCR, effective January 1, 2026

This targeted approach demonstrates a differentiated pricing strategy that shields household consumers while adjusting commercial rates to reflect market dynamics.