Oil Marketing Companies Revised Transportation Rates of Ethanol

Blending petrol with more of home-grown ethanol can reduce India’s oil import bill by 4 billion US dollars a year.

Oil marketing companies have revised the transportation rates of Ethanol to facilitate large scale Ethanol blending with petrol in states far from ethanol producing states.

State-run oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation– are required to blend Ethanol with petrol under the National Policy on Biofuels 2018 Ethanol Blended Program (EBP).

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Blending petrol with more of home-grown ethanol can reduce India’s oil import bill by 4 billion US dollars a year.

The central government has fixed a target to blend petrol with ethanol up to 20 percent by 2023. The Ministry of Road Transport and Highways on June 28 issued a draft notification to facilitate manufacture of automobiles designed to run on petrol blended with ethanol to the extent of 12 percent and 15 percent.

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