India Plans To Launch 20% Ethanol-Mixed Gasoline Next Year: Report
NDTV
The government hopes to save up to 500 billion Indian rupees ($6.45 billion) in this fiscal year from ethanol blending. India relies on foreign suppliers for about 85% of its demand.
India plans to introduce 20% ethanol blending with gasoline in some parts of the country from April next year, a source familiar with the plan said, although the federal government plans a nationwide roll out from 2025/26.
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill.
The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.
The government hopes to save up to 500 billion Indian rupees ($6.45 billion) in this fiscal year from ethanol blending.
