More than 24 thousand crore rupees savings of foreign exchange were made by the central government following the ethanol-blended petrol initiative.

This was informed by the Minister of State for Petroleum & Natural Gas Suresh Gopi in a written reply in the Rajya Sabha today.

Mr Gopi said, from November 2022 to October 2023, approximately 509 crore litres of ethanol have been blended in petrol resulting in savings of more than 24 thousand 300 crore of foreign exchange and higher income to farmers.

He further said, the sale of Ethanol 100 fuel has been launched in February-March this year in select retail outlets, in addition to a large number of retail outlets selling E-20 fuel.