Ethanol kept petrol prices lower: Govt | India News


Ethanol kept petrol prices lower: Govt

NEW DELHI: Petrol would have cost around Rs 125 a litre in the national capital when global crude prices touched $135 a barrel had oil companies not blended ethanol into the auto fuel, the petroleum ministry said on Friday, defending the programme against what it described as “misleading” claims about its costs, impact on food security and alleged taxpayer subsidy.It said consumers paid Rs 94.77 per litre because 20% of every litre comprised domestically produced ethanol procured at pre-agreed prices, helping shield retail fuel prices from the global crude price spike. “The result was nearly Rs 30 per litre in savings at the pump during the peak of the crisis,” it noted.Govt kept petrol and diesel prices unchanged for nearly 75 days after West Asia conflict began on Feb 28 before raising them by Rs 7.5 per litre in May. The 91-octane standard E20 petrol now costs Rs 102.12 per litre in Delhi, while 100-octane petrol is priced at Rs 169 per litre.The ministry also rejected allegations that foodgrain meant for poor was being diverted for ethanol production or that subsidised FCI rice was being used to support the programme.



Source link

  • Related Posts

    CJP founder Abhijeet Dipke falls sick again while meeting people in building parking | India News

    Dipke’s father, Bhagwan Dipke, said doctors had been called to examine his son. NEW DELHI: Cockroach Janta Party (CJP) founder Abhijeet Dipke fell ill again on Saturday morning after feeling…

    ‘Enjoys playing victim card’: Congress attacks PM Modi’s ‘forgive youth’ remark | India News

    Jairam Ramesh accuses PM Modi of playing ‘victim card’ NEW DELHI: Congress leader Jairam Ramesh on Saturday criticised Prime Minister Narendra Modi over his remarks about “forgiving” the country’s youth.He…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    CJP founder Abhijeet Dipke falls sick again while meeting people in building parking | India News

    CJP founder Abhijeet Dipke falls sick again while meeting people in building parking | India News

    Commonwealth Games 2026 Day 10 Live: Record 10 Indian boxers chase gold in Glasgow

    Commonwealth Games 2026 Day 10 Live: Record 10 Indian boxers chase gold in Glasgow

    More tests, less health: Why India might be testing itself sick | India News

    More tests, less health: Why India might be testing itself sick | India News

    ‘Enjoys playing victim card’: Congress attacks PM Modi’s ‘forgive youth’ remark | India News

    ‘Enjoys playing victim card’: Congress attacks PM Modi’s ‘forgive youth’ remark | India News

    CWG 2026 boxing schedule: Meet the 10 Indian boxers fighting for gold medals today | Commonwealth Games News

    CWG 2026 boxing schedule: Meet the 10 Indian boxers fighting for gold medals today | Commonwealth Games News

    ‘Forgiveness only on reel or will you withdraw cases?’: Abhijeet Dipke comments on PM Modi’s late night video | India News

    ‘Forgiveness only on reel or will you withdraw cases?’: Abhijeet Dipke comments on PM Modi’s late night video | India News