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Business EconomyPosted at: Jan 28 2023 10:32PM


IndianOil exports first consignment of AVGAS 100 LL to Papua New Guinea from JNPT

New Delhi, Jan 28 (UNI) S M Vaidya, Chairman, IndianOil, flagged off the first export consignment of AVGAS 100 LL to Papua New Guinea from GTI Terminal of JNPT on Saturday.
The consignment consisted of 16 KL of AVGAS packed in 80 barrels.
This is the first ever instance of India exporting AVGAS, a statement from the company said.
Speaking on the occasion, Vaidya, said, “The global aviation gasoline market is project to grow at 5% CAGR. The Aviation traffic in India is also likely to grow by 7%. IndianOil is fully geared to explore the possible business avenues opened up with manufacturing of this product. With the superior performance quality standards and competitive prices, IndianOil is aiming to secure significant market share."
" The indigenous production of AVGAS 100 LL in India will not only help in saving foreign exchange on imports but will make pilot trainings in domestic flying institutes economical for budding pilots," he said.
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Tags: #IndianOil exports first consignment of AVGAS 100 LL to Papua New Guinea from JNPT
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