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HomeSugar Industry NewsIndia's plans for 20% ethanol-blending will cut sugar subsidy-oil secretary

India’s plans for 20% ethanol-blending will cut sugar subsidy-oil secretary

NEW DELHI, Nov 11 (Reuters) – India’s plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday.

India on Wednesday approved a proposal to achieve 20% ethanol-blending with gasoline by 2025, five years ahead of its previous target.

Higher ethanol output will cut India’s sugar production, reducing the need to give incentives for the export of the sweetener.

The above news was originally posted on www.reuters.com

Image Source & Description : Labourers lift a sack filled with sugar to load it onto a handcart at a wholesale market in Kolkata, India, February 1, 2018. REUTERS/Rupak De Chowdhuri

Reporting by Nidhi Verma; Editing by Toby Chopra

Our Standards: The Thomson Reuters Trust Principles.

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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