The company, which has earmarked not far off from Rs 14,000 crore in place of wealth expenditure this fiscal, owns not far off from 19,000 fuel stations across the terrain.
"We maintain taken up a programme on computerization of all the retail petrol stations. Initially we will cover 4,500 petrol stations which retail not far off from 200 kl of fuels each month," Indian Oil Chairman and Managing Director RS Butola told reporters at this point.
Clothed in the basic part, not far off from 1,600 petrol stations maintain been identified and are in the process of computerization, he thought, accumulation with the aim of similar to completing the 4,500 petrol stations, they would move to petrol pumps with the aim of retail not far off from 100 kl each month.
"This move would help the customer to identify whether he has purchased the correct quantum of fuel in place of his money or was the fuel is a mixture of correct quantity. These things he will be able to identify. The beauty of computerization is you cannot fiddle with," Butola thought.
Indian Oil owns not far off from 19,000 fuel stations across the terrain, he added.
Indian Oil Marketing president Executive Director DSL Prasad thought with the aim of in place of the process of computerization "on an usual Rs 16 lakh will be required".
On their opportunity campaign, Butola thought not far off from Rs 14,000 crore has been fixed in place of this economic time as the wealth expenditure.
"These are all our regular campaign... We maintain earmarked Rs 14,000 crore in place of capex in 2011-12," he thought.
Asked whether they were able to benefit from the topical fuel hike, he replied in harmful aphorism solitary a "full compensation with cash support" would yield as it should be results.
"We are evidently each daylight hours in contact with the Government. Clothed in our legal action, we ought to be fully compensated. Whatever decision the government takes either it passes the burden to customers or if the government in place of its various objectives cannot pass, after that we ought to be fully compensated by way of cash support," he thought.
Butola and senior officials were at this point to start up their Lube Oil Base Stock service collection up by the side of a cost of Rs 23.36 crore. It would import a variety of Lube center lubricate grades like SN-70, Sn-150, SN-500, Sn-850 and BS-150.
Initially, the place would commence operations with an output of 4,000 tonne apiece month which can be slowly but surely raised to 8,000 tonne apiece month.