Indian Oil Corp seeks petrol after BPCL's post-hiatus purchase Indian Oil Corp is looking to import 30,000 tonnes of gasoline for Oct. 10-11 arrival at Chennai and Kochi through a tender closing on Sept. 29.
Indian Oil Corp mulls deferring expansion of projects to sync them with demand Liquid fuels such as petrol and diesel will continue to play a dominant role in the country in the next two decades despite a creeping increase in the use of electric vehicles (EVs) and cleaner fuels like gas. "You see the pie is also increasing. While we see EVs growing, the oil will remain a dominant fuel," Shrikant Madhav Vaidya said.
Indian Oil is betting on plastics as it looks to diversity from a challenging fuel business While there is consumer and government pressure across the world to reduce the use of plastics, processors in Asia are building or planning petrochemical plants with demand for transport fuels set to ease in the years ahead.