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 "Fine, penalty, order, payment")
Both the companies received notices on October 19, 2023
Central Pollution Control Board (CPCB) has fined state-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) for not installing pollution control devices at their petrol pumps.
IOC has been fined Rs 1 crore and BPCL Rs 2 crore, the two firms said in separate stock exchange filings.
“The company has received a direction from CPCB to pay compensation of Rs 1 crore for non-installation of Vapour Recovery Systems (VRS) at retail outlets in National Capital Region (NCR),” IOC said adding the fine was for not installing VRS at petrol refuelling stations within the timeline prescribed by the Supreme Court.
When a vehicle is refilled at a fuel station, petrol vapour tends to dissipate into the atmosphere. The vapour contains cancer-causing substances like benzene, toluene and xylene. Petrol pumps were in 2016 ordered to install VRS at fuel stations to prevent petrol vapours from escaping.
“There is no impact on the operation and other activities of the company. However, the financial implication would be limited to a compensation amount of Rs 1 crore,” IOC said.
BPCL said it is “examining the notice and would be giving appropriate reply requesting the CPCB not to proceed further and discharge the company from the notice”.
Both the companies received notices on October 19, 2023.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Oct 22 2023 | 10:35 PM IST
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