Indian Oil Corp. (IOCL) denied the claims regarding ethanol blending aking place at some of their retail outlets in Karnataka, stating that their tests via prescribed procedures did not confirm the allegation, as per an 'X' post from the company on Saturday.
"All 893 samples tested across 27 States and UTs, including 56 from Karnataka, were found to be within the prescribed 19–21% ethanol range," the 'X' post said.
ALSO READ: Hedge Funds Fled Bullish Oil Bets Ahead Of Election Day Drop
Indian Oil, Bharat Petroleum Corp. (BPCL) and Hindustan Petroleum CorP. (HPCL) have undertaken joint, transparent testing with the State Government to establish the facts, as per the post.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"IndianOil remains steadfast in its commitment to fuel quality, transparency and customer trust. We urge customers to rely on verified information from official sources," the post added.
BPCL also issued a clarification regarding the same. The firm stated that claims of 26–31% ethanol at some Karnataka outlets were not based on prescribed testing.
"All 893 samples tested across 27 States & UTs, including 56 from Karnataka, were within the 19–21% range. Rely only on official sources," the firm said.
ALSO READ: Oil, US Yields And One India-Specific Trigger: Why FIIs Just Bought Rs 15,000-Crore Shares
It also confirmed that BPCL, IOCL and HPCL sought joint, transparent testing with the State Government.
"We remain committed to quality you can trust. Please do not believe unverified claims. Rely only on official sources," the firm said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
