[EXCLUSIVE] Govt to soon allow direct sale of E100 as standalone fuel, ET NOW accesses draft
"This is an open market mechanism where we are trying to divert the demand for fuel to an alternative. This will indirectly also help in reducing petrol prices due to depleting demand," shared a source on conditions of anonymity. The government has been focused on its agenda of converting surplus sugar and grains into ethanol for fuel consumption. As per official data, in order to achieve a 20% ethanol blending target, India needs 1000 cr litre ethanol capacity whereas OMC's has already bought Rs 283 crore litres of ethanol from sugar mills. Ministry of Road, Transport and Highways has noti...