Covid-19 sparks gas boom in India with oil refiners at full tilt
India’s plants are returning to full capacity before the disease is gone.
(Bloomberg)Premium
. Updated: 17 Dec 2020, 05:32 AM IST Bloomberg
Three state-run processors including Indian Oil Corp. are currently operating at close to 100% capacity or higher
The situation in the world’s No. 2 oil market follows a full rebound in top consumer China
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India hasn’t put the pandemic behind it, but its oil refineries have.
Three state-run processors including Indian Oil Corp., the nation’s top refiner, are currently operating at close to 100% capacity or higher, according to people with knowledge of the matter. Behind the recovery is strong demand for gasoline and liquefied petroleum gas as many opt to drive their own cars over taking public transport and cook at home to avoid restaurants.
Indian Oil, other refiners put Covid behind, operating at full tilt amid gas boom
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Pandemic-led fuel boom lifts India refiner runs to full tilt
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Indian Oil launches XP100 100-octane petrol in India
Tuhin Guha Published: December 16, 2020, 08:42 PM IST
Indian Oil launched the country s first 100-octane rated fuel in the country earlier this month. The premium fuel is branded XP100 and offers the highest octane rating of any premium-grade fuel in the country. Standard BSVI-compliant petrol is rated at 91 octane. The new fuel is aimed at owners of high-end performance cars and bikes.
Indian Oil XP100 will be rolled out across 15 cities in India. In the first phase that began with the launch on December 1 at select outlets, the fuel has been made available in Delhi, Gurgaon, Noida, Agra, Jaipur, Chandigarh, Ludhiana, Mumbai, Pune and Ahmedabad. This will be followed by an expansion to Chennai, Bangalore, Hyderabad, Kolkata and Bhubaneswar. These cities have bee chosen based on aspirational demographics and avail