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PM Modi urges restrained use of petrol and diesel to cut foreign exchange and war risk

PM Modi urges restrained use of petrol and diesel to cut foreign exchange and war risk

Prime Minister Narendra Modi asked Indians to use petrol, diesel, and gas with restraint, arguing that limiting imports can save foreign exchange. He linked excess dependence on imported petroleum to reducing exposure to war-related disruptions. Modi also highlighted India’s progress in solar power and ethanol blending, and inaugurated and laid foundations for projects worth about Rs 9,400 crore in Telangana.

Summarised by Beize from a story on The Economic Times on 10 May 2026
India considers boosting petrol ethanol blending to 25% to cut crude imports fast

India considers boosting petrol ethanol blending to 25% to cut crude imports fast

India is reportedly considering a jump in ethanol blending in petrol to 25% as part of a broader push toward renewable energy. The move is meant to reduce dependence on imported crude, while increased refining capacity and higher strategic oil reserves aim to strengthen energy security. Together, these steps could help shield the economy from global oil price shocks and support biofuels and hydrogen priorities.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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Ethanol blending hit 20 percent but oil import dependence keeps surging

Ethanol blending hit 20 percent but oil import dependence keeps surging

India’s ethanol blending of petrol has reached 20%, but the bigger story is stubborn: crude oil import dependence has risen to over 90% from 84% earlier. The ethanol switch is saving only about USD 3 billion a year—roughly 2% to 3% of the total oil import bill—so the expected gains are not translating into lower reliance.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India explores higher ethanol blending for petrol and diesel to curb crude oil imports dependency

India explores higher ethanol blending for petrol and diesel to curb crude oil imports dependency

India is considering higher ethanol blending in both petrol and diesel, aiming to cut the country’s 87% crude import dependency. During an inter-ministerial briefing, Petroleum Ministry Joint Secretary Sujata Sharma said talks with stakeholders are underway, reflecting Nitin Gadkari’s vision of moving toward 100% blending. The move targets greater energy self-reliance amid Middle East volatility.

Summarised by Beize from a story on Republic on 24 Apr 2026
India plans ethanol blend above 20% and flex fuel push to cut oil imports

India plans ethanol blend above 20% and flex fuel push to cut oil imports

India is exploring ethanol blending in petrol beyond the current 20% benchmark and is also pushing flex-fuel vehicles to enable higher biofuel use. The government is holding discussions with industry stakeholders as it plans for a broader shift in transport fuel. The goal: reduce dependence on imported oil while strengthening domestic biofuel production and consumption.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gadkari urges India to push 100 percent ethanol blending soon for energy independence

Gadkari urges India to push 100 percent ethanol blending soon for energy independence

Nitin Gadkari says India should target 100 percent ethanol blending soon to improve energy self-reliance as global oil markets stay uncertain. With India currently importing about 87 percent of its oil, the push will accelerate alternative and biofuel production. Green hydrogen is also flagged as a future fuel option.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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