Indian Oil Corporation (IOC), the largest oil refiner in the country, looks to boost its crude oil refining capacity by one-third over the next half-decade as it believes gasoline and diesel demand will continue to rise in India, IOC’s chairman Shrikant Madhav Vaidya told Bloomberg. “I firmly believe all forms of fuel will have a place to stay -- fossil fuels will be there,” Vaidya told Bloomberg in an interview published on Friday.
“Consumption is going from leaps and bounds and energy security is the primary concern for…India's Largest Refiner Plans To Ramp Up Capacity This Decade
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