Saturday, November 26, 2022
For any kind of suggestion or query feel free to mail us at hello@globaldaily.in   Your online source for any kind of news   Welcome to Global Daily

India to launch 20% ethanol-mixed gasoline in some parts from April: Report – Times of India

NEW DELHI: India plans to introduce 20% ethanol blending with gasoline in some parts of the country from April next year, a source familiar with the plan said, although the government plans a nationwide roll out from 2025-26.
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill.
The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.
The government hopes to save up to Rs 50,000 crore ($6.45 billion) in this fiscal year from ethanol blending.
The world’s third biggest oil importer and consumer relies on foreign suppliers for about 85% of its demand.
India’s gasoline demand is already rising at a brisk pace as people prefer to travel in their own vehicles to avoid a heatwave.
This source said India’s gasoline demand rose by about 14% in the first half of May from the same period in the previous month, while that of gasoil rose by about 2%.
The Union Cabinet on Wednesday approved changes in the biofuel policy to bring forward target for 20% ethanol blending with gasoline to 2025-26 from 2030, a government statement.
The government has allowed use of more feedstock for production biofuels and their export in ‘in specific case’.
So far, India allows use of items such as surplus rice and maize, molasses, sugarcane juice, sugar, and damaged food grains.

Source

Hits: 0

Leave a Reply

Your email address will not be published. Required fields are marked *

12 + = 19

Related Posts

Recent Posts

WhatsApp Introduces Contact Cards Sharing On Windows Beta
WhatsApp Introduces Contact Cards Sharing On Windows Beta
Here’s how Jio wants to take on Facebook’s, Instagram’s ‘most loved’ feature – Times of India
Here's how Jio wants to take on Facebook's, Instagram's ‘most loved’ feature - Times of India
Do Eggs Help Lower Uric Acid Levels In The Body? Read To Find Out
Do Eggs Help Lower Uric Acid Levels In The Body? Read To Find Out
THIS person was the happiest and most fun at Ira Khan and Nupur Shikhare’s engagement! – Pics inside – Times of India
THIS person was the happiest and most fun at Ira Khan and Nupur Shikhare's engagement! - Pics inside - Times of India
IND vs NZ Dream11 Team Prediction, Match Preview, Fantasy Cricket Hints: Captain, Probable Playing 11s, Team News; Injury Updates For Today’s IND vs NZ 2nd ODI match in Seddon Park, Hamilton, 7 AM IST, November 27
IND vs NZ Dream11 Team Prediction, Match Preview, Fantasy Cricket Hints: Captain, Probable Playing 11s, Team News; Injury Updates For Today’s IND vs NZ 2nd ODI match in Seddon Park, Hamilton, 7 AM IST, November 27
26/11 Mumbai terror attack led to forging of strong bond between Israel & India: Top Israeli diplomat | India News – Times of India
26/11 Mumbai terror attack led to forging of strong bond between Israel & India: Top Israeli diplomat | India News - Times of India
Rapid Fire: Kiara Advani gets naughty on a Katrina Kaif question; tells Vicky Kaushal ‘Ghar nahin jaana hai?’ – Exclusive – Times of India
Rapid Fire: Kiara Advani gets naughty on a Katrina Kaif question; tells Vicky Kaushal 'Ghar nahin jaana hai?' - Exclusive - Times of India
Host country Qatar becomes first team to be eliminated from FIFA World Cup
Host country Qatar becomes first team to be eliminated from FIFA World Cup
Suffering From Joint Pain? Practice These 4 Yoga Poses
Suffering From Joint Pain? Practice These 4 Yoga Poses
Congress slams Maharashtra governor for not removing footwear while paying tributes to 26/11 martyrs | India News – Times of India
Congress slams Maharashtra governor for not removing footwear while paying tributes to 26/11 martyrs | India News - Times of India

Archives

Categories

Tags

PHP Code Snippets Powered By : XYZScripts.com