Indian Oil Corporation plans to produce Formula 1 racing fuel at its Paradip refinery within 3 months.
Indian Oil Corporation (IOC) plans to become the first Indian company and one of the few globally to produce Formula 1 (F1) racing fuel within the next three months at its Paradip refinery in Odisha. The high-octane petrol will meet strict standards regulated by the Federation Internationale de l'Automobile (FIA). IOC is already one of only three global suppliers of reference petrol and diesel for testing automobiles, alongside Chevron.
March 10, 2024
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