- The ethanol blending program has resulted in substantial savings of Rs 24,300 crore in foreign exchange for India in the fiscal year 2022-23. This is a notable achievement in the country’s efforts to reduce its import bill for fossil fuels.
- The program aims to blend ethanol with petrol to reduce the consumption of fossil fuels. India has been steadily increasing its ethanol blending percentage, with a target of 20% (E20) by 2025.
- The increased use of ethanol, a renewable biofuel, helps in reducing greenhouse gas emissions and air pollution. It contributes to India’s commitment to achieving its climate goals under the Paris Agreement.
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