Nagpur: Imagine petrol at Rs 48-55 per litre in India!! For two reasons, it is being guessed that the citizens could get relief from the ever rising rates of petrol and diesel, according to a report.
Following the Russia-Ukraine war, America has imposed hard sanctions on Russia. Many European countries have stopped purchasing crude oil from Russia. Facing the economic disaster, Russia has offered its old friend India crude oil at a discounted rate, the report said.
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Tuesday 21 Jan. 2025
According to a report, India is pondering over the Russian offer. If both the countries reach an agreement, it would have a direct effect on fuel prices in India. Currently, India imports 80% of crude oil including 2-3 percent from Russia.
Flex fuel engines for vehicles in six months: Gadkari
The Union Minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months. Addressing ‘ET Global Business Summit’ virtually, Gadkari further said the government is working on a plan to shift public transport to 100 per cent clean energy sources.
“This week, I had a meeting with managing directors of all big automobile companies and SIAM representatives. And they promised me that they will start manufacturing flex-fuel engines for vehicles that can run on more than one fuel,” he said. Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol.
Vehicles will run on ethanol 100 percent:
According to Gadkari, soon most vehicles in India will run on 100 per cent ethanol. Last year in December, the government had issued an advisory to carmakers to introduce flexible-fuel engines in vehicles.
Gadkari also said the government is working to encourage the use of green hydrogen and other alternative fuels. “We are facing crucial problems because there is a war between Russia and Ukraine and I feel that it is really a big challenge,” he said and added that the only option is alternative fuels like bio-ethanol and LNG, which are import substitutes, cost effective, and pollution-free.
Union Road Transport Minister Nitin Gadkari said on Monday that Chhattisgarh has immense potential for production of bio-fuel.
