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Govt focusing on biofuels to ease crude oil import cost: Pradhan

31 Jul 2018 Evaluate

Union Minister of Petroleum & Natural Gas Dharmendra Pradhan has said that the government is focusing on biofuels such as first and second generation ethanol, biodiesel and bio-CNG as part of its various measures for easing the price of crude oil import, increasing income of farmers and environmental benefits. He also informed that the government is also focusing on increasing domestic production of oil and gas, capitalising untapped potential in bio-fuels and other alternate fuels, and implementing measures for refinery process improvements.

The minister has stated that the government has notified the National Policy on Biofuels 2018, which permits use of damaged food grains for production of ethanol for blending with petrol. He also said that there is also a provision to allow surplus food grains for ethanol production during the surplus phase as decided by the National Biofuel Coordination Committee.

Pradhan further said that many different sources must be there for energy. He also said that the government continues to modulate the effective price of domestic LPG supplies to domestic consumers under the Direct Benefit Transfer of LPG. He noted that the domestic price of LPG in the country is based on international price of LPG (ie. Saudi contract price) and is not linked to the cost of crude oil.


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