India eyes over 20% ethanol blending: Petroleum Minister

India is set to increase its ethanol blending target beyond 20% in a move that could significantly cut carbon emissions and reduce dependence on fossil fuel imports, Petroleum Minister Hardeep S Puri has said. Puri highlighted that the country has already achieved 19.6% ethanol blending and is on track to surpass its initial goal ahead

BPCL signs MoU with NSI to scale up bioethanol production

In the biofuel sector, BPCL signed an MoU with the National Sugar Institute (NSI), Kanpur, to scale up sweet sorghum-based bioethanol production and build capacity for farmers and industry partners. BPCL has pledged INR 5 crores to support research and development initiatives within this partnership. The funding will optimise sweet sorghum yields, enhance agricultural practices, and create efficient juice

India to achieve 20% ethanol blending target by February: Hardeep Singh Puri

By February 2025, India is anticipated to reach the 20% ethanol blending goal, according to the Union Minister of Petroleum and Natural Gas. The goal of achieving 20% base fuel blending was originally scheduled to be accomplished by 2030, but it was later changed to be accomplished by the end of 2025. “We are not

Petrol won’t come under GST: Hardeep Puri

Union Petroleum Minister Hardeep Singh Puri has ruled out the inclusion of petrol under GST, citing its impact on state revenues and the ongoing fluid economic situation. He, however, indicated that fuel prices might decrease if global crude oil prices stabilise and international turbulence subsides.   Currently, international crude oil prices hover around $72-$73 per

Rajya Sabha passes bill to boost investment in oil and gas exploration

The Rajya Sabha passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector. The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in the Rajya Sabha in August this year, was passed by a voice

Global oil market to calm on more oil production: Petroleum Minister

The world’s third largest oil consuming and importing nation, is hoping that more oil production coming from the western countries like the US and Canada will calm the markets and bring stability in prices, Petroleum Minister Hardeep Singh Puri said. Speaking at CII’s 12th PSE Summit here, Puri said countries in the western hemisphere are

Initiatives for biofuel reduced import costs by Rs 91k crore: Puri

India’s energy consumption is expected to treble by 2047, according to Minister of Petroleum and Natural Gas Hardeep Singh Puri. He was addressing following Tuesday’s opening of the three-day Energy Technology Meet (ETM) 2024, which was co-hosted by Indian Oil Corporation (IndianOil) and organized by the Centre for High Technology (CHT). He emphasized India’s biofuel

India to rely on fossil fuels until 2040: Puri

India, the world’s No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India’s rising daily crude utilization means it will rely on fossil fuels

The Middle East Conflict Has No Major Impact on Energy Supplies: Hardeep Singh Puri

The government does not see any major impact on oil supplies to the country owing to the ongoing conflict in West Asia, said Union minister for petroleum and natural gas Hardeep Singh Puri. However, any further escalation of the situation could hit energy availability, he added. Shippers have been avoiding the Red Sea route for

India has natural advantage in producing green hydrogen: Hardeep Singh Puri

India has a natural advantage in producing Green Hydrogen due to the low cost and abundance of solar energy and investments in the power grid, the Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said. Addressing the gathering at the 2nd International Conference on Green Hydrogen, Puri said India has great potential in