homevideos Newsmarket Newscommodities NewsHigher crude prices may spur demand for ethanol blended fuel
Higher crude prices may spur demand for ethanol blended fuel
With the surge in crude prices ethanol is in the spotlight. CNBC-TV18 has learnt that higher crude prices can spur ethanol blending in fuels. India is the world's third largest oil importer and dependent on foreign suppliers to meet more than 80 percent of its demand.
With the surge in crude prices ethanol is in the spotlight. CNBC-TV18 has learnt that higher crude prices can spur ethanol blending in fuels.
India is the world's third largest oil importer and dependent on foreign suppliers to meet more than 80 percent of its demand.
In FY21 oil marketing companies sold more than 3600 crore litres of ethanol blended fuel which saved forex of around Rs 9580 crore.
According to Indian Sugar Mills Association (ISMA), ethanol capacity is likely to increase from 722 crore litres to 1500 crore litres by 2025.
Watch video for more.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024 — how regional parties are challenging national giants in Phase-4
May 15, 2024 6:17 AM
Supreme Court refuses plea seeking 6-year poll ban on PM
May 14, 2024 7:14 PM
Punjab Lok Sabha elections 2024: A look at BJP candidates
May 14, 2024 7:06 PM
Lok Sabha polls: EC disposes of 90% complaints related to MCC violations
May 14, 2024 4:45 PM