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Govt's biofuel drive has saved ₹91,000 crore in oil import bills, says Hardeep Puri
The Statesman
|November 13, 2024
Petroleum Minister Hardeep Singh Puri said on Tuesday that India's current biofuel blending rate has reached 16.9 per cent, putting the country on track to reach the 20 per cent target set for 2025-26.
"As a result of the Govt. of India's biofuel initiatives, we have saved Rs 91,000 crore in import bills, parallelly giving a much-needed boost to the agriculture sector," he added. He also said that India ranks second globally in biofuel blending, underscoring its leading position in sustainable fuel practices.
The minister was speaking at the inauguration of the Energy Technology Meet (ETM) 2024, organised by the Centre for High Technology (CHT) and co-hosted by Indian Oil Corporation Ltd.
The three-day event from November 12-14 commenced here, bringing together industry experts, researchers, policymakers, and innovators under the theme 'Green Energy Horizons: Advancing Sustainable Refining and Petrochemicals'.
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