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Petrol Price: A big achievement for the government, achieved the target of mixing 10 percent ethanol in petrol – News

Ethanol Blending in Petrol: India has achieved the target of mixing 10 percent ethanol in petrol five months ahead of schedule. The target is to double this figure by 2025-26 to reduce dependence on crude oil imports. The target of 10 percent blending of ethanol extracted from sugarcane and other agricultural commodities with petrol was in November 2022, but it was achieved only in June.

Government companies made efforts
This was possible due to vigorous efforts of public sector petroleum marketing companies – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).

statement issued information
“Due to the coordinated efforts of the Public Sector Petroleum Marketing Companies, the target of 10 per cent blending has been achieved much ahead of the target date of November 2022,” an official statement said. Marketing companies are mixing 10 per cent ethanol in petrol on an average across the country.

41,500 crore saved
This has resulted in foreign exchange savings of more than Rs 41,500 crore, reduction in greenhouse gas (GHG) emissions by 27 lakh tonnes and immediate payment of over Rs 40,600 crore to farmers, the statement said. India is the fifth largest producer of ethanol in the world after the US, Brazil, the European Union and China.

Ethanol is used on a large scale
Ethanol is widely used around the world for consumption, but countries like Brazil and India mix it with petrol. The Indian government should promote the Ethanol Blended Petrol (EBP) program to enhance energy security, reduce dependence on imports for fuel, save foreign exchange, address environmental issues and boost the domestic agriculture sector, the statement said. has been.

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