Minister of State (MoS) for Petroleum and Natural Gas Rameswar Teli has said on Monday that the ethanol blending programme has led to savings of Rs 9,580 crore in forex in ESY 2020-21 so far. He also quoted a study that has showed that ethanol blended fuel cuts Carbon Monoxide (CO) emissions by 50 percent in comparison to neat petrol. In a written response to a question raised in the Rajya Sabha on the first day of Winter Session of Parliament, the minister said, “The foreign exchange impact is a factor of average Free on Board (FoB) rate of petrol and USD/INR exchange rate. For the ongoing ESY 2020-21 during the period 01st December, 2020 to 14th November, 2021, the notional foreign exchange impact is estimated to be around Rs 9,580 crores.”
