Indian Oil fuel stations to undergo automation

Posted By: Staff
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Indian Oil fuel stations to undergo automation
One of the largest domestic oil marketing company, Indian Oil Corporation (IOC), is improving its petrol retailing services by upgrading all the fuel stations in the country to an automated system and for this the company is making and investment of Rs 16 lakh. About 19,000 filling points are owned by IOC across different parts of India.

The company meanwhile, has outlined an estimated capital expenditure of Rs. 14,000 crore this financial year and this investment in automation is a part of this.

The stations with average retail selling of 200kilolitres of fuel each month will be targeted for automation in the first place. There are about 4,500 petrol stations in this category as per the officials at Indian Oil. Next, the emphasis would be laid on petrol pumps that retail almost 100 kilolitre per month.

At present, 1,600 IOC petrol pumps have started with the process of automation.

Automated retailing at petrol pumps can help the consumers to check whether they have bought right measure of fuel in return for the price they are paying. Also there is higher level of security in terms of fuel quality as automated machines can"t be easily tampered, according to IOC.

Read more about: iocl, oil and gas, bse, nse
Story first published: Wednesday, May 25, 2011, 9:30 [IST]
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