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Demi Lovato, open to finding love with any gender and married to Jordan Lutes, makes surprise appearance at first night of Jonas Brothers' JONAS20; details inside

Demi Lovato, open to finding love with any gender and married to Jordan Lutes, makes surprise appearance at first night of Jonas Brothers' JONAS20; details inside

Economic Times2 days ago
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Oil Ministry rules out price cut for ethanol-blended fuel as procurement cost exceeds petrol
Oil Ministry rules out price cut for ethanol-blended fuel as procurement cost exceeds petrol

Time of India

time3 hours ago

  • Time of India

Oil Ministry rules out price cut for ethanol-blended fuel as procurement cost exceeds petrol

New Delhi: The oil ministry on Tuesday dismissed calls to reduce the price of ethanol-blended petrol, stating that the biofuel now costs more to procure than conventional petrol despite having lower energy content, The Economic Times reports. The ministry said the demand for cheaper blended fuel stemmed from a 2020-21 NITI Aayog report , when ethanol was priced below petrol. 'Some concerns have been voiced that ethanol-blended petrol should be cheaper than non-blended fuel and that this cost advantage has not been passed on to the customers,' it noted, adding that procurement prices have since risen. The current weighted average cost of ethanol, including transportation and GST, stands at ₹71.32 per litre — higher than the base petrol price of ₹52.83 per litre in Delhi. Retail petrol prices in the capital are ₹94.77 per litre, inclusive of taxes and dealer commission. Ethanol contains around 33 per cent less energy than petrol, which can affect fuel economy. Estimates by the US Energy Information Administration indicate that E20 fuel , now predominant in India, may reduce mileage by about 6 per cent compared to pure petrol. The ministry said suggestions that E20 causes a 'drastic' drop in fuel efficiency are misplaced, noting that mileage is influenced by multiple factors beyond fuel type.

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