Oil refiner IOCL sees growth in Indian fuel demand above 4% in 2019
Updated : June 25, 2019 01:52 PM IST
Gasoline and jet fuel demand are expected to rise by 7-8 percent this year, while diesel consumption could increase by 3 percent, Indian Oil Corp Chairman Sanjiv Singh told Reuters.
The country's plans to add smaller airports to improve domestic transport systems will drive appetite for jet fuel, he said.
The nation is preparing to raise its fuel quality to so-called Euro 6 standards from Euro 4 from April 2020 to fight pollution.