India to Increase Mandatory Ethanol Usage by 2008
Submitted from Ethanol Blog
India, China ………………. China, India. These are two of the world’s most promising economies. In a surprising move, the government of India has increased the mandatory ethanol blending in fuel to 10% by 2008 as opposed to the current 5% requirement. This mandatory blending requirement will be applicable to most Indian States.
Recent $90 oil prices have put a tremendous burden on the public sector and if oil prices remain at $90 per barrel, the deficit would be Rs1040bn on the public exchequer. The oil prices …
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