Ethanol Blending Prevented Petrol Price Surge in India
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The Indian government stated that without ethanol blending, petrol prices could have reached Rs 125 per litre for consumers when global crude oil prices surged recently. The petroleum ministry defended the ethanol programme, claiming it prevented a significant increase in petrol prices. The programme has faced criticism regarding its costs, food security impact, and alleged taxpayer subsidy.
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Without ethanol blending, petrol would have cost Rs 125 per litre for...
Petrol Would Have Cost ₹125 Per Litre Without Ethanol Blending: Govt
#Petrol in #Delhi would have cost around Rs 125 a litre when global cr...
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