Ethanol Blending Benefits Passed on To Sugarcane Farmers: Govt – News18

The authorities has saved Rs 24,000 crore because of mixing of ethanol with petrol and majority of the profit has been handed on to sugarcane farmers, Union Minister Gajendra Singh Shekhawat mentioned within the Lok Sabha on Thursday. He mentioned at current the mixing of ethanol stands at 12 per cent and the federal government plans to take it to twenty per cent as desired by Prime Minister Narendra Modi.

Admitting that India’s oil import has elevated in the previous few years, Shekhawat, who was replying to questions on behalf of Petroleum Minister Hardeep Singh Puri, mentioned the nation has benefited by ethanol mixing. “Oil import dependency has been increased over the past years. However, the growth of the country and energy demand go almost parallel,” he mentioned.

Shekhawat mentioned good factor is that Rs 24,000 crore has been saved in previous few years because of ethanol mixing. “Sixty-seventy per cent of this amount goes to farmers who produce sugar cane,” he mentioned. Replying to a different query, the minister mentioned drilling of oil in anywhere be it offshore or onshore is carried out solely after bearing in mind environmental points.

“Commercial production is carried out only after taking into concerns of environment and others,” he mentioned.

(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)