[17] By 1 April 2020, IndianOil was in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.

In March 2022, Apollo Hospitals replaced Indian Oil Corporation in Nifty 50 benchmark index.

The company's activities have sparked questions about its commitment to corporate social responsibility and its alignment with international norms during geopolitical crises.

[20][21] There are seven major business divisions in the organisation: Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd. or CPCL), and 71% downstream sector pipelines through capacity.

The Indian Oil Group owns and operates 11 of India's 23 [29] refineries with a combined refining capacity of 80.7 million tonnes per year.

It is said that deals with Royal Dutch Shell and Surgutneftegas and Chevron Corporation have been signed for exclusive business plans for supply in Asia with the Indian Oil Company, which are worth 20 billion dollars per year.

The latter included corporate bodies (20%), ONGC (14%), LIC (6%), Foreign portfolio investors (6%),[37] Oil India Limited (5%) and Indian Mutual funds (4%).

This joint venture is ready to facilitate the development of Al-Air technology by intending to set up a factory in India.

Major private competitors include – Reliance Petroleum, Essar Oil, Now renamed as Nayara and Shell.

India has begun the development of a strategic crude oil reserve sized at 37.4 million barrels (5,950,000 m3), enough for two weeks of consumption.