India's ethanol blending saved Rs 1.90 lakh crore in foreign exchange and cut 93 million tons of carbon emissions
thedailyjagran.comIndia's Ethanol Blended Petrol (EBP) program has saved over Rs 1.90 lakh crore in foreign exchange since 2014-15 by replacing 31 million metric tons of imported crude oil with domestically produced ethanol. The program also generated Rs 1.6 lakh crore in additional income for farmers using sugarcane, maize, and broken rice for ethanol production. On the environmental side, blending ethanol with petrol cut carbon emissions by more than 93 million metric tons, supporting India's clean energy goals. The report from the Ministry of Petroleum and Natural Gas highlights that India still imports about 88.5 percent of its crude oil, making ethanol blending a key tool for energy security and shielding the economy from oil price swings. The government also clarified that reports about Bhutan rejecting an offer to import E20 petrol from India are incorrect, stating no such export proposal was made.
