India expected to be fastest fuel markets in 20 years
Jio-bp, a fuels and mobility joint venture between RIL and bp, has announced the initial rollout of E20 petrol in line with the roadmap set by the Government.
The Government is introducing E20 blending in petrol to reduce the country’s oil import cost, energy security, lower carbon emission, better air quality, self-reliance, use of damaged food grains and increasing farmers’ incomes, employment generation and greater investment opportunities.
Jio-bp said on 8 Feb 2023 that it has become one of the first fuel retailers in India to make E20 blended petrol available for compatible vehicles at selected Jio-bp outlets.
The E20 fuel, 20% blend of ethanol and 80% of fossil-based fuel, will soon be expanded across the Jio-bp network.
Jio-bp also pointed out that the Government has advanced the target of E20 fuel from 2030 to 2025.
India is expected to be the world’s fastest growing fuels markets in 20 years. fiinews.com
