Three of India's largest state-owned oil companies have invited bids to supply 150 million litres of biodiesel over a three-month period, signalling a continued push towards greater use of renewable fuels.
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have jointly issued a tender seeking 150,000 kilolitres of biodiesel (B100) for delivery between November 2026 and January 2027. According to reports from the Economic Times, the companies have set a base procurement price of Rs88 per litre, with bids due by 7 November.
The tender marks one of the latest efforts by India's oil marketing companies (OMCs) to increase the use of domestically produced biofuels and reduce the country's dependence on imported crude oil.
The move aligns with the government's broader strategy to strengthen energy security while lowering carbon emissions from the transport sector.
India has already achieved its target of 20% ethanol blending in petrol ahead of schedule, prompting policymakers to turn their attention towards expanding biodiesel use in the diesel market.
Greater biodiesel blending is expected to create additional demand for renewable fuel producers while helping to curb fuel import costs.
Industry observers say the latest procurement exercise reflects growing confidence in India's biofuels sector and could support further investment in domestic biodiesel production capacity as the country pursues its long-term clean energy ambitions.
Indian oil majors tender for 150 million litres of biodiesel
