Explore Business Standard
Union minister Nitin Gadkari on Friday said India is transitioning from a fuel-importing to a fuel-exporting nation, driven by the growing production and use of ethanol, methanol and green hydrogen. Gadkari, addressing the 84th annual session of the Indian Roads Congress (IRC), emphasised the government's commitment to road safety, focusing on advanced engineering standards, intelligent transport systems, and awareness initiatives. India is transitioning from a fuel-importing to a fuel-exporting nation, driven by the growing production and use of ethanol, methanol, bio-LNG, CNG, and green hydrogen, he said. India is the fastest-growing economy in the world. The dream of our Prime Minister is to make India the third-largest economy. Our mission is to make the country a Vishwaguru'. For that, we need world-class infrastructure in the water, power, transport, and communication segments, the Union Road Transport and Highways Minister said. Gadkari said the government's aim is to build
Aviation turbine fuel (ATF) prices were cut by 1.4 per cent on Monday, while commercial LPG cylinders became cheaper by Rs 51.50, reflecting a drop in global benchmark rates. Jet fuel (ATF) price was reduced by Rs 1,308.41 per kilolitre, or 1.4 per cent, to Rs 90,713.52 per kl in the national capital -- home to one of the busiest airports in the country, according to state-owned fuel retailers. The reduction comes after two back-to-back monthly increases in prices since July 1. In all, prices were hiked by Rs 8,949.38 per kl in line with the spurt in international oil rates that followed geopolitical tensions and trade wars. This price cut will reduce the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost. No immediate comments could be obtained from the airlines on the impact of the price change. The ATF price in Mumbai was cut to Rs 84,832.83 per kl from Rs 86,077.14, while those in Chennai and Kolkata were increased to Rs 94,151.9
The Maharashtra government has allowed the use of food grains such as maize and rice to produce ethanol through the dual feed method, to be used for blending with petrol. The ethanol thus produced shall not be used for liquor production, said an order issued by the state home department. The central and state governments earlier allowed the use of sugarcane juice and molasses for ethanol production. With the latest decision, distilleries can now operate even during the season when sugarcane is not available. Welcoming the move, B B Thombre, chairman of the West Indian Sugar Mills Association (WISMA), said, "We had requested the government to allow ethanol production from food grains during the (sugarcane) off-season." Thombre, who also heads Natural Sugars and Allied Industries, a private sugar mill, said the decision will help stabilise maize prices and generate year-round demand. "Farmers will benefit significantly, especially with maize fetching Rs 2,800 per quintal," he said,