IOCL has introduced XtraGreen diesel, which it describes as a “cleaner and greener” alternative. It is made available in 126 of its gasoline stations in 63 cities across the country.
According to Indian Oil, its new XtraGreen diesel contains a redesigned DMFA (Diesel Multi-Functional Additive) that provides various advantages over ordinary diesel. Indian Oil’s R&D has provided this proprietary chemical formulation.
The XtraGreen is likely to enhance fuel efficiency by 5 to 6%. Along with this, it lowers CO2 emissions (130 grammes of CO2 per litre of diesel), and carbon monoxide and NOx emissions by 5.29 and 4.99 percent, respectively.
The XtraGreen diesel also has an increased cetane number by 5 points. This improves lubricity, reduces engine noise and offers good corrosion protection.
Speaking about the introduction of XtraGreen, Shrikant Madhav Vaidya, chairman, IndianOil said, “XtraGreen is in sync with the prime minister’s commitment to steer India towards a greener tomorrow, constant reduction of carbon emission and gradual achievement of the net-zero goal by 2070. This also underlines Indian Oil’s unwavering commitment to provide niche and specialised solutions to environmentally sensitive market segments, while continuously enhancing the user experience”.
Indian Oil One4U gift card
IOCL also introduced the ‘One4U’ fuel gift card, which is a retail fuel digital giving option, in addition to XtraGreen diesel. Vaidya elaborated on the advantages of the One4U gasoline gift card, saying, “Through a user-friendly and on-the-go digital page, an individual can select various gifting denominations, enter the recipient’s details, and pay for the Voucher by choosing from an array of payment options. I am confident that this Digital Gifting solution will garner much traction amongst the millennials.”
IOC Reports marginal growth in Net Profit
Indian Oil Corporation has reported a net profit of Rs. 6,360 Crore in July-September compared to Rs. 6,227 Crore same period last year. Even though the inventory gains were low this year compared to last year, IOC claims the demand returning with a bounceback is the main reason.