New Delhi, Mar 9 (UNI) Under the country's auto fuel policy, 13 metros will switch to Euro IV-compliant fuels by 2010, while the rest of the cities will adopt Euro III norms.
''We are in advance stage of negotiations with the oil companies and within two months it will be notified. While the 13 cities will switch to Euro IV, the rest of the country will switch over to Euro III fuels'' said Secretary (Road, Transport and Highway), Government of India, Brahm Dutt on the sidelines of Lubeasia 2008.
In most parts of the country, the vehicle emission norms are based on Euro II.
The three-day-long event is the country's only international exhibition dedicated to lubricants, grease oils and related markets.
In India, the lubricants market is estimated at Rs 10,000 crores. During 2004-05 and 2005-06, the growth of lubes market remained static at two-three per cent while and in 2006-07, it grew by 5.1 per cent thanks to whooping growth in the automobile sector.
However, the continuous efforts to develop energy efficient lubricants are hampering the real growth of the lubes market.
Over 400 different grades of lubricants and greases are now marketed in the country with the annual consumption of about 1.2 million tonnes, out of which 60 per cent constitutes of automotive lubes. At this level, India is the sixth largest lubricants market in the world.
The focus at the event is mainly on direct and bulk consumers from road transport corporations, railways, airlines, defence and DG set manufacturers and distribution channels.
Along with the domestic players like Indian Oil Corporation Ltd and Wax India, many international companies like PetroChina Lubricants (China), Xado Technology Ltd (Ukraine) and CanterLube Oil LLC (UAE) are also participating in the event.
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