Government Achieves Progress in Promoting Biofuels: Hardeep Puri
OIL & GAS

Government Achieves Progress in Promoting Biofuels: Hardeep Puri

Union Minister for Petroleum and Natural Gas Hardeep Puri informed the Lok Sabha that the government has made significant progress in promoting biofuels as a sustainable alternative to petroleum products.

He said the initiatives are being driven under the National Policy on Biofuels, with ethanol blending in petrol forming a key component of the Ethanol Blended Petrol (EBP) Programme.

According to the Minister, the programme has provided multiple benefits, including expeditious payment of more than Rs 1.25 trillion to farmers from Ethanol Supply Year 2014-15 up to July 2024, and foreign exchange savings of over Rs 1.44 trillion.

Public sector oil marketing companies had achieved the target of 10 per cent ethanol blending in petrol in June 2022, five months ahead of schedule. Blending levels have since increased to 12.06 per cent in 2022-23, 14.60 per cent in 2023-24, and 19.05 per cent as of 31 July 2024. Ethanol blending in July alone stood at 19.93 per cent.

The Minister said these achievements underline the government’s commitment to promoting clean and sustainable energy while reducing dependence on petroleum imports.

News source: News on Air

Union Minister for Petroleum and Natural Gas Hardeep Puri informed the Lok Sabha that the government has made significant progress in promoting biofuels as a sustainable alternative to petroleum products.He said the initiatives are being driven under the National Policy on Biofuels, with ethanol blending in petrol forming a key component of the Ethanol Blended Petrol (EBP) Programme.According to the Minister, the programme has provided multiple benefits, including expeditious payment of more than Rs 1.25 trillion to farmers from Ethanol Supply Year 2014-15 up to July 2024, and foreign exchange savings of over Rs 1.44 trillion.Public sector oil marketing companies had achieved the target of 10 per cent ethanol blending in petrol in June 2022, five months ahead of schedule. Blending levels have since increased to 12.06 per cent in 2022-23, 14.60 per cent in 2023-24, and 19.05 per cent as of 31 July 2024. Ethanol blending in July alone stood at 19.93 per cent.The Minister said these achievements underline the government’s commitment to promoting clean and sustainable energy while reducing dependence on petroleum imports.News source: News on Air

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement