Hardeep Singh Puri launches special fuel AVGAS 100 LL, produced by Indian Oil
New Delhi: "We are undergoing a remarkable transformation which is almost revolutionary. We are reducing dependence on imported fuels by promoting biofuel blending, green hydrogen and introduction of electric vehicles.", said Union Petroleum Minister Hardeep Singh Puri while addressing the launch of AVGAS 100 LL. Puri, in the presence of General VK Singh (Retd) MoS Civil Aviation and Road Transport and Highways, launched AVGAS 100 LL.
What is AVGAS 100 LL?
This special aviation fuel is meant for piston engine aircraft and Unmanned Ariel Vehicles. Currently, India is importing this product from European countries. The launch event hosted by Indian Oil at Hindan Airforce Station witnessed participation by senior officials from the Indian Airforce, senior officials from MoPNG and MoCA and officials from Flying Training Organizations (FTOs).
Highlighting the importance of the launch of indigenous special fuel Puri mentioned that the launch of indigenous AV GAS 100 LL is necessary to serve the needs of the thriving aviation industry with an increase in footfall in airports, a rise in the number of aircraft and Flying Training Organisations (FTOs) in trainee aircraft for pilot training in future. As the demand for air transport in India is expected to increase in manifolds in the future, there is going to be a huge demand for trained pilots also. And for this, the number of FTOs is also expected to increase significantly, he added.
Indian Oil Chairman Shrikant Madhav Vaidya said, "Indian Oil is proud to introduce this specialised fuel by leveraging our refining strength and in-house expertise. In fact, the indigenous fuel is superior compared to the imported grades".
"AV Gas market is expected to grow from $ 1.92 billion to $ 2.71 billion by 2029. We plan to set up a new facility soon to target export opportunities, besides catering to the domestic demand. I am confident that the superior quality we offer, combined with competitive pricing, will give us a significant edge in the global market and open a new chapter in India's journey of self-reliance," he concluded.
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