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.
