India is considering higher ethanol blending in both petrol and diesel, aiming to cut the country’s 87% crude import dependency. During an inter-ministerial briefing, Petroleum Ministry Joint Secretary Sujata Sharma said talks with stakeholders are underway, reflecting Nitin Gadkari’s vision of moving toward 100% blending. The move targets greater energy self-reliance amid Middle East volatility.
Fuel sales across India have surged by about 13% as motorists stock up on petrol and diesel, fearing prices may rise after state polls conclude. Indian Oil Corporation reported a sharp jump in sales, while the government denied any intention to hike fuel rates. Even with assurances, panic buying continues in some areas, raising concerns about supply and pricing stability.
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