In a significant move aimed at promoting cleaner fuels and reducing dependence on imported crude oil, the Indian government has exempted higher ethanol-blended petrol variants from central excise duty. The decision is expected to support the country's ethanol blending programme while encouraging the use of environmentally friendly fuels.
In a significant policy push to strengthen India’s energy security amid global crude oil volatility, the government has rationalised royalty rates for crude oil...
