Amid global oil market instability due to the Middle East conflict, the Indian government has waived excise duty on petrol blended with 22% to 30% ethanol (E22-E30). This move aims to reduce oil import dependency and enhance self-reliance in the fuel sector. It is expected to encourage oil marketing companies to increase ethanol blending, benefiting farmers who produce crops like sugarcane and maize. Additionally, this initiative will lower carbon emissions and strengthen India's energy security. https://zeenews.india.com/hindi/zeeodisha/trending/historic-move-centre-grants-tax-exemption-on-high-ethanol-petrol/3243838 #creator program