IOC, BPCL launch Euro IV diesel tenders to meet 1 April deadline

Public sector oil marketing companies Indian Oil Corp (IOC) and Bharat Petroleum Corp (BPCL) have issued their first tenders to import 180,000 tonnes of Euro IV-compliant diesel to meet the April deadline for the roll out of cleaner fuel in 13 major cities.

This is seen as a move by the domestic refiners to cut emissions  and to catch up with fuel quality in Europe, which now follows Euro V standards.

The auto fuel policy of 2003 requires the three state-run oil marketing companies – HPCL, IOC and BPCL – to sell only petrol and diesel that meets Euro-IV specifications in 13 major cities and Euro-III specifications across India from 1 April.

The country has been gradually reducing sulphur from 2000, when fuel had 500 parts per million (ppm).

Motorists in major cities will now move to Euro-IV norms, locally known as Bharat Stage-IV, that allow up to 50 ppm sulphur.

Early this month, state oil minister Jitin Prasada said the phased launch of Euro III-compliant fuel would be completed only by October.