India plans to provide soft loans to grain-based distilleries to increase ethanol capacity

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To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries. Both the petroleum and food ministries are of the view that ethanol production cannot be dependent on a single feedstock of sugarcane, if the country has to achieve the target of 20 per cent ethanol blending with petrol […]

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India aims for 350 million tonnes of refining capacity by 2030: Petroleum Minister

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Oil Minister Dharmendra Pradhan said India planned to raise its refining capacity, indicating the country’s dependence on hydrocarbons and fossil fuel, adding that fuel demand was expected to to reach pre-COVID-19 levels in the first quarter of the 2021 calendar year. “India currently has an oil refining capacity of around 250 million tonnes per annum […]

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Petrol demand increases by over 10% over previous month, diesel sales climbs up too

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India’s sales of petrol increased by 2 per cent in September 2020, the first increase since the country’s lockdown in late March, signalling demand returning to pre-COVID-19 levels. Diesel sales continue to be below normal but have shown a month-on-month increase, according to provisional data from state-owned fuel retailers who control 90 per cent of the market. Petrol sales […]

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Petrol demand in India returning to pre-COVID-19 levels in September; diesel still down

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India’s petrol sales rose for the first time in the first half of September since the country’s lockdown in late March, indicating demand may have returned to pre-COVID-19 levels. Petrol sales between September 1 and 15 rose 2.2 per cent year-on-year and were up 7 per cent over the previous month, according to preliminary industry […]

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