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Informist, Tuesday, Jul 16, 2024

NEW DELHI – Oil marketing companies have procured 4.01 bln ltr of ethanol and achieved a cumulative blending of 13.0% in the first seven months of the ethanol supply year (Nov-Oct) as of Jul 1, according to a monthly report by the Petroleum Planning & Analysis Cell. In June, oil companies bought 637 mln ltr of the biofuel and achieved 15.9% blending with petrol, up from 15.4% the previous month.

 

Oil companies buy ethanol to blend with petrol to promote green mobility and achieve blending targets. To reduce dependence on crude oil, the government has set a target of achieving 15% blending of ethanol with petrol in 2023-24, 18% in the subsequent year, and 20% in 2025-26. To achieve the 15% blending aim, India needs about 8.25 bln ltr of ethanol.

 

Oil companies are dispensing E20 petrol, or 20% ethanol in petrol, at more than 81,963 public sector retail outlets across India, the report said.

 

According to industry experts, India is likely to miss the 15% blending target this year, as the government restricted sugar diversion for ethanol production amid concerns over sugar availability. The country is expected to achieve only 13.7% ethanol blending with petrol by October, according to Nagaraj Meda, chairman and managing director of commodity research firm TransGraph Consulting.  End

 

Reported by Afra Abubacker

Edited by Tanima Banerjee

 

 

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