Ethanol content in petrol to double by this October
The government on Friday said it would double the ethanol content to be mixed with petrol to 10 per cent by this October to reduce the country's dependence on oil exports.
By PTI |
BANGALORE: The government on Friday said it would double the ethanol content to be mixed with petrol to 10 per cent by this October to reduce the country's dependence on oil exports.
The government was making efforts to reduce oil imports and give an impetus to oil exploration through new exploration licensing policy, Union Minister for Petroleum and Natural Gas Murli Deora told reporters after a meeting with Congress party leaders here.
He remained non-committal on the proposed hike in petrol and diesel prices, on which the government is yet to take a decision. He said, "one has to take into account the rising crude oil prices globally and the price situation cannot be seen in isolation".
The introduction of CNG in Bangalore was expected to take more time as pipelines have to be laid and filling stations established, he replied to a query.
Commenting on the party's prospects in the coming assembly elections in Karnataka, he said, "I feel Congress has a good chance to win in the state".
The government was making efforts to reduce oil imports and give an impetus to oil exploration through new exploration licensing policy, Union Minister for Petroleum and Natural Gas Murli Deora told reporters after a meeting with Congress party leaders here.
He remained non-committal on the proposed hike in petrol and diesel prices, on which the government is yet to take a decision. He said, "one has to take into account the rising crude oil prices globally and the price situation cannot be seen in isolation".
The introduction of CNG in Bangalore was expected to take more time as pipelines have to be laid and filling stations established, he replied to a query.
Commenting on the party's prospects in the coming assembly elections in Karnataka, he said, "I feel Congress has a good chance to win in the state".
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