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E85 fuel will initially be available at 48 outlets and is planned to reach 5,000 retail pumps by December 2027, supporting higher ethanol blending levels
The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability
He said Indian oil and gas companies already have existing investments in Venezuela and are seeking new collaboration opportunities to enhance the bilateral energy partnership
Oil marketing companies will begin selling flex fuel at select outlets in NCR and the Mumbai-Pune-Nagpur corridor before expanding nationwide
Puri asserted that the Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, strengthen the rural economy through ethanol demand, and advance low-carbon mobility
The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years
Speaking at the CII Annual Summit, Union Minister Hardeep Singh Puri said India's oil companies are losing ₹1,000 crore every day and the under recovery is going to be ₹1,98,000 crore
Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security
Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions
At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged
Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake-up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict
The government said India has adequate fuel supplies and stable prices despite rising global energy costs and mounting losses for oil marketing companies
US envoy Sergio Gor and Hardeep Singh Puri discussed access to American energy and strengthening bilateral ties, a day after PM Narendra Modi's call with US President Donald Trump
Oil minister visits Qatar after US-Iran ceasefire, as LNG disruptions from QatarEnergy raise concerns over India's energy supplies and gas allocation priorities
Minister says India secured alternative energy supplies amid West Asia crisis
India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said
Replying to supplementaries during Question Hour, the minister said for any country like India, which is growing at a phenomenal pace, there must be a very viable and secure reserve
The greenfield refineries being built in India have a stronger focus on petrochemical production
The Union minister said these appointments will play a vital role in realising the vision of Viksit Bharat@2047 envisioned by Prime Minister Narendra Modi
He urged the youth to draw strength from history to rebuild the nation and work toward creating a strong, great India based on its own values, rights, and beliefs