The average blending was 12.1% in the ethanol supply year 2022-23, 10% in 2021-22, and 8.1% in 2020-21. India has set a target to increase the national blending average to 20% by next year. About 14,600 fuel stations operated by state oil companies are already dispensing petrol blended with 20% ethanol. Some ethanol producers complained last month that biofuel stocks had been rising at their facilities for some months and blamed state-run oil companies for this. The increased blending ratio in May shows oil companies have ramped up ethanol purchases.

Source: Economic Times June 17, 2024 12:41 UTC