The country's largest petroleum retailer, Indian Oil Corporation, sees robust growth in liquid fuel demand despite the challenge from electric vehicles. In an interview with Shine Jacob and Jyoti Mukul, Sanjiv Singh, chairman, IndianOil, talks about the company’s experience with daily price revision and the government’s consolidation move.
With the government hoping to have only electric vehicles (EVs) by 2030, what is the future of petrol and diesel?
Gasoline (petrol) and diesel are the two major transportation fuels. Compressed natural gas (CNG) and auto LPG have a small percentage (of the market) in India. Petrol is moving at a compound