IOC focused on opening supply points for alternative fuels: Srinivasan

Vasco: Stating that automation and BS-VI fuels is set to drive the Indian oil business in Goa from March 2020, executive director (in-charge) of Indian Oil Corporation Ltd (IOCL) Maharashtra and Goa state Murali Srinivasan said that the liquid fuels will continue to remain key product offering in the years to come and IOCL is equally focused on creating supply points for alternative fuels.

Srinivasan was addressing media persons at the IOCL terminal in the port town in the presence of deputy general manager (corporate communications) Western region IOCL Anjali Bhave, senior terminal manager IOCL Vasco terminal Chanchal Prasad and other officials of the IOCL including Siddharth Swaroop, P C Katkar, Parasuram Hasalkar and others.

Speaking further, Srinivasan said that IOC, which is India’s largest commercial enterprise, has completed 60 years in service.

“In Goa, Indian Oil has one petroleum, oil and lube (POL) terminal at Vasco and one aviation fuel station at Dabolim. Petrol and diesel to retail outlets in Goa is supplied from ZIOTL Zuarinagar. Indian Oil has a network of 5 LPG distributors out of a total of 54 LPG distributors under all the OMCs in the state. A total of 13.2 thousand LPG connections are active as on date with Indian Oil having 15.8 thousand connections. The domestic LPG market share of Indian Oil is 2.7 per cent with the corporation having its presence in all the 2 districts of Goa,” informed Srinivasan.

He said that under the Pradhan Mantri Ujwala Yojana that was launched in the state in May 2016, a total of 1,082 connections have been released on industry basis with Indian Oil providing the major chunk of connections numbering 111.

“Due to combined efforts of all OMCs, Goa has 100 per cent LPG penetration with every family having a LPG connection. Over 92.9 per cent of LPG connections have been linked with Aadhar numbers for faster disbursement of government subsidy,” he said.

“In order to ensure transparency and assured quantity of fuel delivery, Indian Oil has embarked on a major drive of retail automation across the country. In Goa, Indian Oil has already automated 100 per cent of its retail outlets,” said Srinivasan.

Srinivasan also said that CNG stations are being rolled out at all existing retail outlets of Indian Oil Corporation Ltd (IOCL).

“We are already in final stage of commissioning two CNG stations in North Goa (M/s Goa Auto Service, Colvale and M/s Sairaj Petroleum, Dhargalim) and are planning to commission three more (one in North Goa – M/s Heera Petroleum, Panaji and two in South Goa – M/s Zuari Employees Co-operative Society, Zuarinagar and M/s Sharayu Petroleum, Cortalim) by March 2020. Indian Oil through its joint venture Indian Oil Adani Gas Pvt Ltd will be handling city gas distribution (CGD) in South Goa. CGD in North Goa will be handled through Goa Natural Gas Pvt Ltd,” he said.

Indian Oil has identified 10 retail outlets for EV charging stations in Goa (North Goa – six and South Goa – four). It is expected to start these stations
by June 2020.

Work is underway to start about 31 new retail outlets/ Kisan Seva Kendras in Goa. Letters of intent (LOI) have been issued for 7 outlets (3 in North Goa and 4 in South Goa) and selection process for 14 locations are at various stages. 10 LOIs are also available for setting up of retail outlets.[NT]