OMCs to invest Rs 90,000 cr on fuel upgrade by 2020

BS-VI compliant fuel will be available by 2020, said oil minister Dharmendra Pradhan

Oil marketing companies (OMCs) will be investing Rs 90,000 crore by 2020 on fuel upgradation programme.

“The oil companies have spent more than Rs 28,000 crore after 2010 which is in addition to Rs 35,000 crore that was already spent till 2010. They will further spend Rs 28,000 crore by 2020 for meeting the BS-VI specifications which will take the total investment to Rs 90,000 crore only on fuel upgradation programme itself," said K D Tripathi, secretary, ministry of Petroleum and Natural Gas at the launching of BS-IV grade fuels across the country.

“Our fuel quality standards have been gradually