The government has increased ethanol blending in gasoline from 1.53 percent in 2013-2014 to 10.17 percent in 2022 and its target of reaching 20 percent ethanol blending in gasoline from 2030 to 2025-26, Petroleum Minister Hardeep Puri said on Tuesday .
He said that India
has been able to navigate the most formidable energy crisis the world has faced since the 1973 oil crisis thanks to its energy security strategy aimed at diversifying energy supply, increasing India’s exploration and production footprint and meeting the energy transition through the gas-based economy , Green hydrogen
and electric vehicles.
Puri said India has increased the number of crude oil suppliers from 27 countries in 2006-2007 to 39 in 2021-22, adding new suppliers such as Columbia, Russia, LibyaGabon and Equatorial Guinea among others.
“At the same time, we have strengthened our relationship with countries such as the US and Russia,” he added.
The minister went on to say that diesel prices in India increased by only 3 percent between December 2021 and December 2022, by 34 percent in the US, 36 percent in Canada, 25 percent in Spainand 10 percent in the UK.
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