By Karthik Ganesan, With the persisting turmoil in the global commodities supply chain due to the Ukraine invasion, India has seen a sharp rise in cost of many an imported commodity. Crude oil and other petroleum products constitute more than 20% of our annual import bill and we are dependent for nearly 85% of our […]
To encourage vendors to maximise ethanol supplies, state-run oil marketing companies (OMCs) will provide them monetary relief between Rs 1,179 -2,337 per kilolitre (KL) for six months till November. The move will help OMCs narrow their marketing losses (under-recoveries) due to elevated crude prices, currently pegged between Rs 18-21 per litre for petrol and diesel. […]
The Union Cabinet on Wednesday approved a host of amendments to the National Policy on Biofuels, 2018 and advanced the target of blending 20% ethanol-blended petrol by five years, from 2030 to 2025-26. It also allowed more feedstocks for the production of biofuels, which when mixed with auto fuels, can help the country cut dependency […]