IndianOil joins table of F1 fuel producers

IOC had in October last year helped India join a select league of nations when it began producing highly specialised ‘reference’ petrol and diesel that are used for testing automobiles.

After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing.

The firm’s refinery at Paradip in Odisha will in three months produce the petrol used in F1 car racing, its chairman Shrikant Madhav Vaidya said.

IOC, the country’s largest oil firm controlling roughly 40 per cent of fuel market share, will be the first Indian company and only a handful globally that will produce fuel used in F1 racing.

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.

IOC had in October last year helped India join a select league of nations when it began producing highly specialised ‘reference’ petrol and diesel that are used for testing automobiles.

There are only three suppliers of reference fuels globally including US giant Chevron. IOC’s Paradip refinery in Odisha is producing ‘reference’ grade petrol and its Panipat unit in Haryana produces similar quality diesel.

Prior to this, Indian automobile manufacturers had to use imported reference fuel for testing cars and motorcycles. Now, IOC is supplying them the same grade fuel at much cheaper cost.

Fuel retailers like IOC sell petrol and diesel of primarily two kinds – regular and premium, through their fuel station network. The biggest difference between the normal and premium fuel lies in the octane number. The regular fuel has an octane number of 87, but premium fuel has an octane number of 91. Reference grade fuel comes with a 97-octane number.

The company will be the official fuel partner for the Federation Internationale De Motocyclisme (FIM) Asia Road Racing Championship (ARRC) for three years – 2024 to 2026, supplying ‘Storm’ petrol across all ARRC race rounds.

F1 currently uses E10 fuel containing 10 per cent renewable ethanol. The percentage fuel coming from non-fossil sources, such as alcohol, algae or waste keeping, is to go up to 40 per cent this year and 100 per cent sustainable fuel from 2026.

Unlike FIM Asia Road Racing Championship where there is one single fuel supplier for all the motorcycles racing, F1 allows teams to select their own fuel supplier. For instance, Shell is the fuel supplier to Ferrari.

It is suitable for use in all racing championships (enduro, trial, circuit racing, motocross and supermoto, cross-country, e-bike, and track racing) in all classes of motorbikes requiring FIM Category 2 race fuels.