India has saved over ₹41,000 crore forex by use of 10% ethanol-blended petrol: Govt
India has achieved the target of supplying 10% ethanol-blended petrol five months ahead of schedule in June and is aiming to double the blend by 2025-26.The country has been able to save over ₹41,000 crore in foreign exchange through the use of 10% ethanol-blended petrol, said Ashwini Kumar Choubey, the Union minister of state for environment, forest and climate change.
"India recently achieved 10% ethanol blending target five months in advance, saving over ₹41,000 crore worth of fuel imports for the nation," said Choubey while addressing an online event of auto industry body SIAM on sustainable mobility.
The initiative has led to sizable benefits for farmers, he added. "Our next target is to achieve 20% ethanol blending and it is projected to be completed by 2025-26," Choubey noted. He said ethanol blending is a great step toward reducing the country's fuel imports and carbon emissions.
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