Hardeep Singh Puri said ethanol blending in petrol has gone up from 1.53 per cent in 2013-14, to over 11.5 per cent as of March 2023
Petroleum and gas prices have started to rise and are expected to further rise as oil producing cartel OPEC reduces oil production.
The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said at the World Energy Policy Summit 2022.
Captive mines /others registered a growth of 4.74 per cent to 30.48 MT in Q1 FY24, from 29.10 MT in Q1 FY23
The government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 per litre reduction on diesel
Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.
