State-owned OMC has invested round Rs 29,000 crores in upgrading the refineries to fabricate BS-VI gasoline.
- Last Updated: February 26, 2020, 6:43 PM IST
- Edited by: Anirudh SK
As the nation embraces for the brand new BS-VI emission norms that may come into impact on April 1, BPCL latest announcement comes as a sigh of reduction to all of the BS-VI automobile house owners in India. The state-owned gasoline firm has confirmed that its full community of over 14,800 stations can be BS-VI prepared starting March 1.
Earlier in February, the nation’s largest gasoline retailer, Indian Oil Corporation (IOCL) claimed that greater than 15,000 gasoline pumps out of 27,000 within the nation are actually BS-VI compliant, whereas the remaining ones are anticipated to be compliant by early- to mid-March.
It also needs to be famous that the nation’s oldest refinery and likewise one of many oldest working refinery on this planet at Digboi was the primary to supply gasoline for the BS-VI norms. Indian Oil accounts for practically half of India’s petroleum merchandise market share, with gross sales of about 90 million tonnes within the final fiscal 12 months. The firm has greater than 27,700 gasoline stations throughout the nation.
State-owned OMC has invested round Rs 29,000 crores in upgrading the refineries to fabricate BS-VI gasoline. While BPCL has invested over Rs 7,000 crore, Indian Oil Corporation has made an expenditure of round Rs 16,000- 16,500 crore. HPCL, alternatively, has invested about Rs 5,000 crore for upgrading the refineries for BS-VI fuels.