The indigenous fuel is superior compared to imported grades. AV Gas market is expected to grow from the current $1.92 billion to $2.71 billion by 2029.
New Delhi: The Centre on Monday launched indigenously-developed AVGAS 100 LL, a special aviation fuel meant for piston engine aircraft and unmanned ariel vehicles.
The fuel has been developed by Indian Oil Corporation.
“AV GAS 100 LL produced by Indian Oil’s flagship refinery at Vadodara has been tested and certified by Directorate General of Civil Aviation (DGCA). It is a higher-octane Aviation fuel meeting the product specifications with superior performance quality standards, as compared to imported grades,” the Ministry of Petroleum & Natural Gas said in a statement.
Union minister for petroleum and natural gas Hardeep Singh Puri, while launching the fuel at Hindon air base, said, “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.”
The minister said the launch of indigenous AV GAS 100 LL is important to serve the needs of a thriving aviation industry with increase in footfall on airports, rise in number of aircraft and Flying Training Organisations (FTOs) in trainee aircraft for pilot training in future.
As demand for air transport in India is expected to increase 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.
Currently, India is importing this product from European countries.
Indian Oil Corp’s chairman Shrikant 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 the current $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 added.
The domestic production of AVGAS 100 LL produced by Indian Oil at its Gujarat Refinery will make flying training more affordable in India.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It’ll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp
