Indian Oil Corporation (IOC) executives announced plans to export 4–5 million tons of diesel annually starting 2027, while projecting India’s gasoline demand to grow 5–6% by 2030. The company also intends to expand its bunkering business, reinforcing its role in global energy trade and India’s fuel security strategy.
Indian Oil Corporation Ltd (IOC), India’s largest refiner and fuel retailer, has outlined ambitious growth plans that highlight its evolving role in both domestic and international energy markets.
Executives revealed that IOC expects to begin exporting 4–5 million tons of diesel annually from 2027, leveraging its refining capacity and global demand. At the same time, the company projects India’s gasoline demand to rise by 5–6% annually through 2030, driven by expanding mobility and economic growth.
In addition, IOC plans to expand its bunkering business in India, catering to the shipping industry’s growing need for reliable fuel supplies. This move aligns with India’s strategic push to strengthen its maritime infrastructure and energy trade capabilities.
Key Highlights:
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Diesel Exports: 4–5 million tons per year from 2027.
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Gasoline Demand: Expected growth of 5–6% annually by 2030.
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Bunkering Expansion: Plans to scale operations in India’s ports.
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Strategic Impact: Enhances India’s energy trade footprint and supports fuel security.
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Market Outlook: Reflects IOC’s proactive approach to global demand and domestic growth.
Sources: Reuters, Business Standard, Economic Times