Petrol Price Reduction 2024
The Government of India has announced a significant reduction in petrol prices, with potential cuts of up to Rs 20 per litre. Union Transport Minister Nitin Gadkari revealed that ethanol-blended petrol will soon be available at petrol pumps nationwide, offering a cheaper alternative to conventional fuel.
Innovative Fuel Solutions: Flex-Fuel and Ethanol-Powered Vehicles
This initiative provides relief for consumers facing rising fuel costs. Gadkari emphasized that ethanol, primarily produced from sugarcane, is much cheaper than petrol. The introduction of ethanol-blended fuel could lower vehicle running costs by up to Rs 65 per litre.
Additionally, Gadkari announced that Toyota is launching a car powered by ethanol derived from sugarcane juice, with fuel costs at only Rs 25 per litre. The government is also promoting flex-fuel, a mix of petrol with ethanol or methanol, aiming to reduce petrol consumption and provide more affordable options.
Government’s Ambitious Targets for Sustainable Fuel
The central government aims to mix 20% ethanol in petrol by 2030, significantly reducing dependence on traditional fuels. This strategic change not only aims to lower fuel prices but also benefits the environment by promoting alternative fuels.
As India takes strides toward sustainable and cost-effective fuel options, this initiative addresses both economic and environmental concerns, paving the way for a more affordable transportation landscape.
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Summary at glance
The Indian government has announced a significant petrol price reduction, potentially lowering costs by up to Rs 20 per litre. Union Transport Minister Nitin Gadkari introduced ethanol-blended petrol as a cheaper alternative, derived mainly from sugarcane. This innovative approach may reduce vehicle running costs by Rs 65 per litre. The government aims for 20% ethanol mixing by 2030, promoting cleaner energy and flex-fuel technology, which could further minimize fuel expenses and environmental impact.
Superfast News Coverage by DelhiBreakings.com team.
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