HomeNewsBusinessCompaniesRacing ahead: IOC to make fuel for Formula 1, a first by an Indian oil firm

Racing ahead: IOC to make fuel for Formula 1, a first by an Indian oil firm

IOC, which already has three branded fuels, including high-selling XtraGreen diesel, on Wednesday unveiled 'Storm' petrol that it will supply for the Asian region motorcycle road racing championship.

March 07, 2024 / 12:46 IST
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IOC to make fuel for Formula 1 - first by an Indian firm
IOC to make fuel for Formula 1 - first by an Indian firm

India's largest oil company, Indian Oil Corporation Ltd (IOC), is now setting Grand Prix dreams as it will start manufacturing fuel used in adrenaline-pumping Formula One or F1, motor racing as it looks to expand its basket of niche fuels. The process is set to begin in next three months.

IOC, which already has three branded fuels, including high-selling XtraGreen diesel, on March 6 unveiled 'Storm' petrol that it will supply for the Asian region motorcycle road racing championship.

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According to IOC’s Chairman Shrikant Madhav Vaidya, the company expects to get its Formula 1 fuel certified in around three months, after which it can start competing with other global majors to supply it to the teams. F1 fuel is essentially high-octane petrol and the standards are heavily regulated by global motor sport governing body Federation Internationale de l’Automobile (FIA) on various counts, including permissible additives and blending agents.

"Today, we are partnering with FIM Asia Road Racing Championship for the supply of 'Storm'. We are the first company in India to manufacture fuel of specifications used in road racing," IOC Chairman Shrikant Madhav Vaidya said, according to news agency PTI.