New Delhi: The oil ministry on Tuesday said that the supply of Euro III-grade petrol and diesel in the country may be delayed beyond 1 April, when the cleaner-burning fuels are scheduled to be introduced to meet stricter emission standards. The ministry will review the availability of cleaner fuels this week even as refiners say they are ready to supply Euro IV fuels, oil secretary R.S. Pandey said in New Delhi, without giving a reason for the delay.
Indian Oil Corp. Ltd (IOC), the nation’s second biggest refiner, and state-run rivals are spending Rs23,500 crore to upgrade their plants and meet the stricter guidelines. IOC has said some of its refineries will be ready to supply the cleaner fuels by June.
“We may require to import some amount of diesel to meet the deadline,” IOC chairman Sarthak Behuria said.