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Indian Oil Corporation (IOCL) will produce fuel for formula one cars, which is being produced at Odisha’s Paradip refinery, said SM Vaidya, Chairman, IOCL, as he announced the partnership with Two Wheels Motor Racing as the “Official Fuel Partner” for the prestigious FIM (Federation Internationale De Motocyclisme) Asia Road Racing Championship (ARRC) over a span of three years, from 2024 to 2026.