IOC Launches India's First Gasoline and Diesel Reference Fuels
- 28 Oct 2023
On 26th October, 2023, Indian Oil Corporation Limited (IOCL) unveiled India's inaugural gasoline and diesel reference fuels, marking a significant milestone for the country.
Key Points
- Landmark Achievement: IOCL, a state-run enterprise, introduced India's first-ever gasoline and diesel reference fuels, a crucial development for the country's automobile manufacturing and testing sector.
- Reducing Import Dependency: The production of these specialized reference fuels by Indian Oil serves a dual purpose.
- It reduces India's reliance on importing reference fuels and positions the nation's energy industry among global leaders with unique capabilities.
- Domestic Production: India has ventured into the in-house production of reference gasoline and diesel fuels, aligning with international benchmarks.
- Critical for Vehicle Testing: Reference fuels play a vital role in vehicle development and performance assessment for automobile manufacturers, ensuring that vehicles can operate effectively in diverse global climate conditions.
- Import Replacement: Historically, India imported these reference fuels from select European and American companies.
- With indigenous production, IOCL can now replace these imports, offering a reliable and cost-effective supply for vehicle manufacturers and testing agencies.
- Future Export Potential: Indian Oil aims to not only fulfill domestic demand but also explore the export potential of these reference fuels in the future by expanding its production capacity.
- AtmaNirbhar Bharat Vision: The production of reference fuels aligns with Prime Minister Narendra Modi's vision of AtmaNirbhar Bharat (Self-Reliant India), reinforcing the nation's self-sufficiency in critical sectors.
