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We survived price drop to $37 a bbl without govt help: IOC chairman

Retail is our bread and butter, says IOC Chairman Sanjiv Singh

IOC chief, IOC, IOC chief, Sanjiv Singh
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Sanjiv Singh, Chairman, Indian Oil Corporation Ltd

Shine JacobJyoti Mukul
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