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India to save ₹ 12,000 crore forex per annum from ethanol blending: Modi
Posted 1 year ago in News and Politics.
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Speaking at an event to mark the World Biofuel Day, Modi said: “The country has set its course to produce nearly 450 crore litres of ethanol in the coming four years. Ethanol blending in petrol increased from 38 crore litres in the ethanol supply year 2013-2014, to an estimated 141 crore litres in the ethanol supply year 2017-2018. The Government had also approved the National Policy on Biofuels in June 2018.”
Higher ethanol production has resulted in savings to the exchequer due to lower import of crude oil.