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Achieving target of 20% ethanol blending in petrol by 2025 to save Rs 1 lakh crore forex: Amit Shah

In June 2021, the Narendra Modi government had set the target of achieving 10 per cent ethanol blending in petrol by November 2022, which was achieved five months in advance, he said after laying the foundation stone for Kribhco’s bioethanol plant at Hazira on the outskirts of Surat city.

September 15, 2022 / 07:57 AM IST
Representative image

Representative image

If India achieves the target of blending 20 per cent ethanol with petrol by 2025, it will save around Rs 1 lakh crore of foreign exchange, Union Home Minister Amit Shah said on Wednesday.

In June 2021, the Narendra Modi government had set the target of achieving 10 per cent ethanol blending in petrol by November 2022, which was achieved five months in advance, he said after laying the foundation stone for Kribhco’s bioethanol plant at Hazira on the outskirts of Surat city.

Achieving this target early made the government advance by five years the target of 20 per cent ethanol blending to 2025, the Cooperation Minister said.

“The production of ethanol is going to change the entire economy of the petroleum sector in the coming days. Achieving the target of 20 per cent ethanol blending will also save around Rs 1 lakh crore of foreign exchange by 2025,” Shah said.