Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India starts exporting fuel for small planes, enters $3bn global market.


Date: 30-01-2023
Subject: India starts exporting fuel for small planes, enters $3bn global market
In a first, the country's largest oil refiner and marketer, IndianOil Corporation has exported a consignment of AVGAS 100 LL, a special aviation fuel meant for piston engine aircrafts and unmanned ariel vehicles, to Papua New Guinea on Saturday.

The consignment consisted of 16 KL of AVGAS packed in 80 barrels. This is the first ever instance of India exporting AVGAS.

“The global aviation gasoline market is projected to grow at 5% CAGR. The Aviation traffic in India is also likely to grow by 7%. The indigenous production of AVGAS 100 LL in India will not only help in saving foreign exchange on imports but will make pilot training in domestic flying institutes economical for budding pilots,” said S M Vaidya, Chairman, IndiaOil Corporation.

In India, until very recently, AVGAS 100 LL fuel primarily used by Flying Training Organisations (FTOs) and Defence forces was imported at a huge cost from European countries for decades.

IndiaOil launched the indigenous production of aviation fuel AVGAS 100 LL on September 26, 2022 at Air Force Station, Hindan and the same is now being extensively used in the domestic market. The present production of AVGAS 100 LL is being done from IndiaOil’s Gujarat Refinery which has a capacity of 5TMT per annum.

The domestic production of AVGAS 100 LL produced by IndiaOil at its Gujarat Refinery will make flying training more affordable in India and abroad, the company said in a statement.

There is a significant consumption of AVGAS in countries in South America, Asia Pacific, Middle East, Africa and Europe. Therefore, there is a great opportunity to export AVGAS beyond the shores of India, the company said.

AV GAS 100 LL produced by IndiaOil’s flagship refinery at Vadodara has been tested and certified by Directorate General of Civil Aviation (DGCA), the statutory body of the Government of India to regulate civil aviation in India.

It is a higher-octane Aviation fuel meeting the product specifications with superior performance quality standards, as compared to imported grades.

The indigenous availability of AV GAS 100 LL will help reduce dependence on imports and address the associated logistical challenges. Country will be able to save precious foreign exchange with the inhouse availability of this product.


Source Name:-Economic Times

 
 
 
 
 
 
 


 
 
 
 
 
 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-03-2023
Notification No. 15/2023 - Customs (N.T.)
Exchange rate Notification No. 15/2023-Cus (NT) dated 16.03.2023-reg

Date: 15-03-2023
Notification No. 14/2023-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 03-03-2023
Notification No. 16/2023-Customs
Seeks to amend notification No. 50/2017- Customs, dated 30.06.2017, in order to reduce the BCD on Tur Whole to Nil.

Date: 03-03-2023
Notification No. 15/2023-Customs
Seeks to amend notification No. 30/2022- Customs, dated 24.05.2022, in order to discontinue the specified TRQ rate after the 31st March 2023.

Date: 03-03-2023
Notification No. 11/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 03-03-2023
Notification No.10/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce SAED on export of Aviation turbine Fuel.

Date: 03-03-2023
Notification No. 12/2023-Central Excise
Seeks to further amend No. 10/2022-Central Excise, dated the 30th June, 2022 , to reduce the Road and Infrastructure Cess on Diesel.

Date: 02-03-2023
Notification No. 12/2023 - Customs (N.T.)
Exchange rate Notification No. 12/2023-Cus (NT) dated 02.03.2023-reg

Date: 28-02-2023
Notification No. 03/2023- Integrated Tax (Rate)
Seeks to amend notification no. 1/2017-Integrated Tax (Rate), dated 28.06.2017.

Date: 28-02-2023
NOTIFICATION No. 02/2023- Integrated Tax (Rate)
Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to notify change in GST with regards to services as recommended by GST Council in its 49th meeting held on 18.02.2023.



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001