If 1% of annual petrol vehicles sales move to E85, ₹195 crore forex would be saved: Petroleum Minister
The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced that shifting 1% of annual petrol vehicle sales to E85 could save ₹195 crore in foreign exchange. He highlighted that E85 fuel would be significantly cheaper than traditional fuel and could generate substantial demand for ethanol. The government is considering policies to promote the adoption of this alternative fuel.
- ▪Shifting 1% of annual petrol vehicle sales to E85 could save ₹195 crore in foreign exchange.
- ▪E85 fuel is expected to be substantially cheaper than normal fuel variants.
- ▪This shift could generate over four crore litres of ethanol demand and nearly ₹266 crore in payments to distillers.
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If 1% of the annual petrol vehicle sales in the country during an ethanol year move to E85 (that is, 85% blending of ethanol with gasoline), the country would be able to save ₹195 crore in foreign exchange in an ethanol supply year, said Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, at the launch of Hero MotoCorp’s flex-fuel motorcycles.In his address, the Union Petroleum Minister also mentioned that the E85 fuel would be “substantially cheaper than normal fuel [variant]”.“If 1% of annual petrol vehicle sales in India during ethanol supply year 2026-27 shifts to E85, over four crore litres of ethanol demand would be generated, nearly ₹266 crore estimated payments would be made to distillers,” he stated, adding, “Around ₹195 crore in foreign exchange savings will be…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
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