News 18 | Rejoice! Petrol-diesel will be cheaper from the new year, know what is the new plan of the government

Oct 15,2022

The government is taking several steps regarding the rising prices of petrol-diesel. To control prices, the government has set a target of 20 percent ethanol blended petrol supply by 2023, which is expected to be achieved much ahead of schedule. Union Petroleum and Natural Gas Minister Hardeep Singh Puri has given this information. After this you will be able to buy cheap petrol. This will save the country four billion dollars annually on crude oil imports.

Hardeep Singh Puri has said that we are continuously reviewing the production of ethanol and I believe that the fuel with 20 per cent blend will be in the market in December or January before April, 2023.

Let us tell you that the Ministry of Petroleum and Natural Gas implemented the National Biofuel Policy in 2009. Later, on June 4, 2018, the ministry notified the National Policy on Biofuels-2018 in its place. Modi government aims to add 20% ethanol in petrol in next 2 years. This will provide relief to a large extent in the matter of import of expensive oil.
Flex fuel vehicles will be available like in Brazil.

Citing the example of Brazil, he said that there are flex fuel vehicles available and customers can take either ethanol or petrol as per their choice. He said that this will be the ultimate goal of the government. "We're going to have a big meeting with automobile manufacturers on ethanol blending," he said. India has extended the deadline for blending 20% ​​ethanol in gasoline by five years to 2025. The minister said the country would need 1,000 core liters of capacity to achieve the desired 20% blend of ethanol in petrol.

He said that 450 crore liters are being produced and tenders have been floated for 400 crore litres. “We have enough ethanol for a 20 percent blend. A target of 20 percent ethanol in all petrol sold in the country by 2025 has been set.
Inauguration of ethanol plant

This ethanol plant (ethanol plant) has been built near the refinery of Indian Oil Corporation (IOC) located in Panipat, Haryana at a cost of 900 crore rupees. In this, around 30 million liters of ethanol will be produced annually from rice straw.

The ceremony through video conferencing, the Prime Minister said that the country has saved 50,000 crore rupees by mixing ethanol in petrol in the last seven-eight years. He said that the production of ethanol has increased from 400 crore liters to 400 crore liters in eight years.