OIL & GAS

Petroleum Minister Dharmendra Pradhan to hold review meet on ethanol blending programme timeline: Report

Petroleum Minister Dharmendra Pradhan will soon chair a high-level meeting on Ethanol Blended Petrol (EBP) Programme. Representatives of Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation are likely to attend the meeting, sources told ET Now.

“The meeting is likely to be conducted next week during which the minister will review Ethanol production timeline, costs and storage capacity issues with oil marketing companies,” sources told ET Now.

The government is aiming to achieve the 10 percent ethanol blending target by 2022, sources told the channel.

Moneycontrol could not independently verify the report.

Ethanol blending in India reached more than 7.2 percent in the first four months of the ethanol supply year 2020-21 (December to November). This is the first time it has reached this level.

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