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India needs to promote flexible fuel cars to tackle crude oil price volatility: Gadkari


The Union Minister for Road Transport and Highways has said that the country needs to promote flexible fuel vehicles as well as electric mobility to deal with fluctuations in crude oil in the market. international. The minister was speaking at an event organized by the Society of Indian Automobile Manufacturers (SIAM). He also said that the aviation industry is facing difficulties due to the high price of aviation fuel.

Via:
Car table HT

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Update on:
December 13, 2022, 10:19 am

Representative photo of fuel injector from flexible fuel pump (REUTERS)
Profile photo of fuel injector from flex fuel pump (REUTERS)

Flexible fuel compatible cars can run on a variety of fuels and mixtures. Typically, a mixture of gasoline and ethanol or methanol is used. “Every year, the volatility (widespread) of crude oil prices is creating a lot of problems… We need to move towards the adoption of 100% flexible fuel vehicles,” the minister said. know.

He also pointed out that 40% of the pollution in the country is due to the use of fossil fuels. So there’s a need to encourage waste-to-wealth technology, he added, adding, “we’re encouraging a lot of industries to start producing ethanol.”

Speaking more about the auto industry’s role in creating job opportunities in India, the minister said the auto industry employs more than 400,000 people in the country and also pays the maximum GST to the government.

Gadkari also noted that the export potential of auto parts is huge. He added that ethics, economy, ecology and environment are the most prominent pillars of Indian society. “In terms of ecology and environment, the whole world is moving towards the goal of being carbon neutral,” he said.

He also emphasized that sugar producers who have played a key role in the nation’s current ethanol milestones will reap the same economic benefits as they work together towards sustainability.

Date of first publication: December 13, 2022, 10:19 a.m. IST

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