Ethanol Blending Saved Delhiites ₹125/litre Petrol: Ministry
UPSC / SSC current affairs note · Economy
Why in news
The Petroleum Ministry has highlighted that ethanol blending prevented Delhi's petrol prices from reaching ₹125 per litre during global crude oil spikes. This statement underscores the role of ethanol blending as a buffer against international market volatility, saving consumers nearly ₹30 per litre. It reinforces the government's push for ethanol as a key component of energy security.
Background
India has been promoting ethanol blending in petrol under the Ethanol Blended Petrol (EBP) Programme, aiming to reduce crude oil imports and emissions. The target of 20% ethanol blending (E20) by 2025-26 was advanced from 2030. The programme has gained momentum with increased ethanol production from sugarcane and other feedstocks.
Key facts
Ethanol blending prevented Delhi's petrol prices from hitting ₹125 per litre during global crude spikes.
Consumers saved nearly ₹30 per litre due to ethanol blending.
The Petroleum Ministry described ethanol blending as 'energy insurance' against market volatility.
Ethanol blending strengthens energy security by reducing dependence on imported crude oil.
The EBP Programme has been instrumental in achieving these savings.
The government has set a target of 20% ethanol blending in petrol by 2025-26.
Ethanol blending also contributes to reducing vehicular emissions.
Prelims pointers
- Ethanol Blended Petrol (EBP) Programme
- E20 target (20% ethanol blending) by 2025-26
- Petroleum Ministry
- Energy security
- Global crude oil prices
- Delhi petrol price
Mains angles
- Discuss the role of ethanol blending in India's energy security and its impact on the economy.
- Critically examine the feasibility and challenges of achieving the E20 target by 2025-26.
- Analyse the environmental and agricultural implications of ethanol blending.