(ET)
India’s top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi’s government envisions multiple paths toward reducing the country’s dependence on petroleum-based fuels.
Indian Oil Corp., which supplies about half the oil products to the world’s fastest-growing consumer, is aiming to sell natural gas for vehicles through its existing retail network and has formed teams to research concepts to power electric vehicles, build fuel cells and make different types of fuels including biofuels, according to its chairman
