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India Has Achieved 10% Ethanol Blending In Petrol 5 Months Ahead Of Target: PM Modi-share market daily

Prime Minister Narendra Modi called this a major accomplishment for India, given the fact that ethanol blending in petrol was hardly 1.5 per cent in FY 2013-14 and about 5 per cent by FY 2019-20.

Prime Minister Narendra Modi announced this on the occasion of the 2022 World Environment Day

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Prime Minister Narendra Modi announced this on the occasion of the 2022 World Environment Day

Narendra Modi, the Prime Minister of India recently announced that they have achieved 10 per cent ethanol blending in petrol. Tweeting about the achievement, Modi said the task was completed five months ahead of the November 2022 target. The prime minister also stated that this was indeed a major accomplishment for India, given the fact that ethanol blending in petrol was hardly 1.5 per cent in FY 2013-14 and about 5 per cent by FY 2019-20. The announcement was made by the PM on the occasion of the 2022 World Environment Day, on June 5.

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Ethanol blending in petrol was hardly 1.5 per cent in FY 2013-14 and about 5 per cent by FY 2019-20

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Prime Minister Modi says that achieving 10 per cent ethanol blending target has resulted in three major advantages. Firstly, it has resulted in the reduction of 27 lakh tonnes of carbon emissions, secondly, India has managed to save over ₹ 41,000 crore over an eight-year period, and finally, the farmers of the country have earned more than ₹ 40,000 crore, during this period.

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