India’s Ethanol Blending Program Saves Rs 24,300 Crore in Foreign Exchange in 2022-23.

1. 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.
2. 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.
3. 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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