11-11-2021 03:19 PM | Source: Reuters
India's plans for 20% ethanol-blending will cut sugar subsidy - oil secretary
News By Tags | #813 #139 #412 #6076 #986

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

NEW DELHI - India's plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.

India on Wednesday approved a proposal to achieve 20% ethanol-blending with gasoline by 2025, five years ahead of its previous target.

Higher ethanol output will cut India's sugar production, reducing the need to give incentives for the export of the sweetener.