Economy

News on Indian Economy

Methanol Blend on Cards, India May Trim Oil Import Bill by ₹ 5k Crore

Niti Aayog member VK Saraswat, who has been helming the methanol economy project since its inception two years ago, confirmed to ET that 65,000 km of trial run on M15 blended fuel has been successfully completed and there is no tweaking required in vehicles to run on methanol blended fuel. The think tank had projected annual reduction of $100 billion in crude imports by 2030 if the country moves to 15% blended fuel both for transportation and cooking.