(PTI)
Ethanol blending with petrol is likely to double to 8 per cent in the current season as a better price is being offered by oil marketing companies, Petroleum Minister Dharmendra Pradhan said Friday. The minister also assured additional soft loans to mills for expanding the ethanol capacity. Addressing the 84th annual general meeting of sugar industry body ISMA, he said the government has taken a number of steps in the last four years to bring a “paradigm shift” in the Rs 1 lakh crore sector. “Blending of ethanol with petrol has reached 4 per cent from 1-1.5 per cent in the last four years. In 2018-19 sugar year (October-September), the blending level will reach 7-8 per cent,” Pradhan said.
