Business

Ethanol Blending Boosts Farmers’ Income, Saves Rs 1.36 Lakh Crore In Forex: Hardeep Puri

India’s ethanol blending programme has reduced the country’s dependence on crude oil imports and increased farmers’ income, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Sunday.

He stated that the government has paid over ₹1.18 lakh crore to farmers in the past 11 years under this programme.

The initiative has also helped India save foreign exchange worth ₹1.36 lakh crore by cutting crude oil imports.

Puri noted that ethanol replaced about 232 lakh metric tonnes of crude oil during this period. This shift led to a reduction of around 698 lakh metric tonnes in carbon emissions.

In a social media post, he said, “Under Prime Minister Narendra Modi’s leadership, ethanol is becoming a key driver of New India’s growth.”

He added, “Every drop of ethanol carries the pride and prosperity of our farmers. We have already achieved the target of 20 per cent ethanol blending ahead of schedule.”

India had aimed to reach 20 per cent ethanol blending in petrol by 2030. However, the target was met in early 2025, six years ahead of schedule.

The Union Minister said E20 fuel — petrol blended with 20 per cent ethanol — is now available at all retail outlets of Indian Oil, Bharat Petroleum, and Hindustan Petroleum.

He called the achievement a major milestone in India’s transition to cleaner fuels.

Earlier this week, the Minister also highlighted the transformation of the oil and gas sector under PM Modi’s leadership.

In another post on the social media platform X, he credited the Digital India initiative and tech-driven innovations for improving the country’s fuel infrastructure.

Also Read: New Company Registrations Surge By 29% In May 2025; Signalling Strong Economic Momentum

Ajaypal Choudhary

Recent Posts

“A Surge of Emotion In The Ocean Of Sanatan Dharma,” Acharya Pramod Krishnam Meets Pandit Dhirendra Shastri

Posting a photo of the meeting on the social media platform X, Acharya Pramod Krishnam…

3 hours ago

Asian Geography Conference Champions Youth As Vanguards Of National Development

Colonel Mustafa urges youth to use geography actively for disaster management, policy, and national development.

5 hours ago

India Sends Record 111-Member Squad To Deaflympics 2025 In Tokyo

India names a record 111-member team for Deaflympics 2025, competing across 11 sports disciplines.

6 hours ago

PM Modi, Leaders Extend Birthday Wishes to Bharat Ratna LK Advani

PM Modi, Amit Shah, and leaders extend birthday wishes to Bharat Ratna LK Advani.

6 hours ago

Justice Vikram Nath Hails PM Modi’s Vision For Accessible & Technology-Driven Justice At NALSA Conference

Justice Vikram Nath praised PM Modi’s vision for inclusive, tech-driven justice and legal empowerment.

7 hours ago

Justice Surya Kant Calls For Empathetic Tech-Driven Legal Aid System At NALSA Conference

Justice Surya Kant urged empathetic, tech-driven legal aid reforms to make justice accessible and inclusive.

7 hours ago