Petrol-Diesel Prices: in the middle east Iran, Israel And United States Crude oil supply was affected due to tension between. especially Strait of Hormuz But due to the crisis, there was a danger of oil prices increasing worldwide. But whether the prices of petrol and diesel remained stable in India – this is the question in everyone’s mind.
Prime Minister Narendra Modi Gave a direct answer to this during a rally in Noida. He said that the government’s smart planning and “desi jugaad” i.e. ethanol blending has done a great job. This has helped India reduce its dependence on foreign oil.
The government adopted the strategy of mixing ethanol in petrol, which has now reached E20 (20% ethanol). If this had not happened, India would have had to import millions of liters of additional crude oil every year. Ethanol is made from crops like sugarcane, which is also increasing the earnings of farmers—ie “dono haath me laddu”.
In the last few years, there has been rapid electrification of railways, due to which there has been a huge reduction in diesel consumption. Apart from this, demand for petrol and diesel has also decreased due to increase in metro network in cities. Its direct effect was that there was less pressure on fuel in the country.
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According to the government, India is now producing about 20 billion liters of ethanol, half of which is being mixed with petrol. For this reason, even when oil became expensive in the international market, the prices did not increase in India. If understood in desi style, “the government had already prepared a backup plan”.
