A push to use more natural gas by the world’s fastest-growing oil guzzler is getting a boost from an unlikely source: the nation’s gasoline and diesel makers.
India’s top three state-owned oil refiners are planning to use their gasoline and diesel fuel outlets to sell compressed natural gas for vehicles, increase investments in city-gas distribution projects and expand use of the fuel in their oil refineries, according to company executives.
“I have to ensure that the company is ready to meet the energy demand for the future,” said Sanjiv Singh, chairman of India’s largest refiner, Indian Oil Corp., which has more than 26,000 fuel stations in the country. “It is very easy for us to add gas to our existing retail outlets.” Read More…
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