Ethanol blending has saved India approximately Rs 1.67 lakh crore in foreign exchange and reduced crude oil dependency significantly.

India

Who

Hardeep Singh Puri, Ravi Gupta

What

When

Sun, 14 Jun 2026 10:08:11 GMT · 2h 17m ago

Where

India ·

Why

The intensified Iran War led to a blockage of the Strait of Hormuz, causing crude oil prices to jump, and the Indian government increased petrol and diesel prices four times in less than two weeks to offset losses.

The Frontline Impact

How this affects you

India's push for higher ethanol blending aims to reduce dependence on imported crude oil, potentially leading to more stable fuel prices for consumers and strengthening the country's energy security amidst global oil price volatility caused by geopolitical events.

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Verified Sources & Citations

Times Now
https://www.timesnownews.com/business-economy/economy/how-much-oil-does-india-really-have-what-it-means-for-your-wallet-article-154612568
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