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Oil Marketing Companies have announced a relief scheme on ethanol supplies for the third and fourth quarter of Ethanol Supply Year 2021-22.(December-November) based on feedstock. The move is to encourage vendors to maximise ethanol supplies and help in meeting blending targets. The relief amount will incur a GST of 5 per cent, sources said Read more...
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Prime Minister Narendra Modi on Thursday said that ethanol blending with petrol, which was 40 crore litres before 2014 has now increased to 400 crore litres. The blending of ethanol with petrol has also increased the income of farmers, he said at a public rally after inaugurating various projects of the Sabar Dairy in Gujarat Read more...
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Nitin Gadkari, Union Minister for Road Transport and Highways, has been a firm believer in the multi-faceted benefits of using green fuel as an alternate to petrol. While he says India can bring down its crude oil import bill significantly, adds that the switch to ethanol-based fuel can also be beneficial to the environment while being far more cost-effective to the end consumer Read more...