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‘Biofuels alliance could help 700K farmers, clean the air’
Mint Mumbai
|September 13, 2023
The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri.
The alliance was launched on 9 September with 19 countries and 12 international organizations agreeing to join. In an interview, Puri said India would increase its production of biofuels going ahead.
On the likelihood of a reduction in petrol and diesel prices, the minister said retail fuel prices depend on several factors including the cost of fuel, freight and insurance. He reiterated that non-BJP state governments have not yet lowered value added tax, while the Centre has lowered the excise duty twice in the last two years.
Edited excerpts:
In 2018 India banned trading of biofuels. Will the restriction be lifted as the biofuels alliance has been launched?
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