IOC to expand fuel outlet network in Kerala
Indian Oil will invest close to ₹500 crore in expanding its retail network in Kerala in the next few years.
“We have advertised for 884 locations and got responses for 542 and selection is completed for 513 locations. The remaining is also under process”, VC Asokan, State Head, IOC-Kerala told reporters here. “Till now we have commissioned 23 outlets up to January 20 and are planning another 25 outlets by March”, he added.
The petroleum industry in the State has grown 7 per cent over last year mainly driven by aviation fuel (17.4 per cent), petrol (9.4 per cent), LPG (5.7 per cent) and diesel (2.2 per cent).
