Remember the day when we only had bullock carts to move from one place to another? We had to rely totally on this transport irrespective of the fact that this conveyance will make us miss or simply postpone the objective even if performed in full capacity. With the need of time and the changing demands, the development of fuelled vehicles began and altered our quality of life. With the advent of fuel-run vehicles, our lives have not only gotten simpler but more disciplined, where we can commit and deliver.
In brief, fuel has played a significant role in shaping the quality of life in the civilizations of the globe. The future of fuel is to speed the nation’s future growth and keep pace with the growing needs of an ever-increasing population.
Even with a 50 percent drop in revenue during the pandemic, this industry has recouped its losses faster than any other sector. Owing to its enormous need in various sectors, beginning with industrial sectors to retail stores to private transportation, the demand for fuel has only soared over the years. It is only anticipated to grow in the future.
If we keep to the current pattern, India’s population will be around 1.64 billion by 2050, and the oil consumption in India will increase at the rate of 3.7 percent CAGR between 2020-2045. India is projected to be the country with the highest oil demand increase over the forecast period. The growing middle-class population will drive demand for road transportation, resulting in the fast growth of the fleet and infrastructure. Between 2020 and 2045, India’s entire automobile sector is projected to grow by more than 200 million. This colossal rise in demand for oil is further reinforced by the increasing demand in the residential, industrial, and aviation sectors
It may appear daunting to meet a 40% increase in demand over the next 20 years, but new energy sources from unconventional sources could potentially meet the growing demand. The new initiatives will be more significant, more remote and complex, and backed by innovations and advances in technology.
Both energy and non-energy entrants will be present in the future oil industry, suggesting that oil companies are trying to adapt their business strategies to the new energy sources due to increasing worries about the worsening environment because of fossil fuels and CO2 effects. These alternative energy sources have the potential to compete with oil. Biodiesel, bio-alcohol (methanol, ethanol, butane), refuse-derived fuel, chemically stored energy (batteries and fuel cells), hydrogen, non-fossil methane, non-fossil natural gas, vegetable oil, propane, and other biomass sources are some of the examples of alternative fuels.
However, the worldwide growth of the diesel power engine industry is driven by demand for reliable energy. Since industrial development and the building of commercial infrastructure are mainly powered by diesel, the demand for continuous energy is inevitable. Furthermore, rising power shortages and lack of energy access, as well as a growing need for uninterruptible power, are pushing increased orders for diesel engines to provide emergency power.
Diesel engines using gas after-treatment technology such as particle filters and NOx reduction catalysts are becoming more common to meet this rising demand while staying under regulatory emission limits. As a consequence of reduced pollutants, engine efficiency and fuel economy will also improve and should supposedly take a huge turn.
Even with the arrival of fuel alternatives on the market, the degree of their fulfilling and gratifying this enormous demand cannot be preordained. Thus, traditional fuel engines like petrol and diesel should scale up within the legal emission limits to satisfy the fuel demand of the industrial sector.
If we channel our attention to energy distribution methods, carbon emissions may be decreased even with an efficient fuel distribution system. Repos has created one such e-commerce platform where diesel is delivered to your doorstep, thereby saving carbon emissions from wastage and spillage while procuring diesel from fuel stations. The estimated diesel supply via this platform would reduce carbon emissions worth planting 24.3 crore trees, which covers twice the area of Mumbai. In addition, the superior quality and quantity of the fuel delivered to the end customers is assured by the cutting-edge technology of the Repos Petrol Pump. It instantly provides diesel to consumers after an order is placed on the Repos app, which helps the end-customers cut down on the dead mileage and expensive process of getting fuel.
Repos believes that we can leave a green trail behind by being more calculative, innovative and mindful of our efforts, even while dealing with fuel. Repos Energy is exploring alternate types of green energy, such as LNG, CNG, LPG, and even electric power, which will leave behind lesser environmental problems and harness an atmosphere that is safe for future generations.