New Tax Policy to Incentivize Biofuel Adoption The Indian government has officially exempted petrol blended with ethanol in the range of 22% to 30% from central excise duty, a move announced this week to accelerate the nation’s transition toward sustainable energy. By removing this fiscal barrier, the Ministry of Finance aims to encourage oil marketing…
The Indian government has officially eliminated central excise duty on petrol blended with ethanol concentrations ranging between 22% and 30%, a move announced this week to accelerate the nation’s transition toward sustainable energy. This fiscal policy shift, implemented by the Ministry of Finance, aims to lower the retail price of cleaner fuel variants while encouraging…
The Indian government has officially exempted petrol blended with ethanol at concentrations of 22%, 25%, 27%, and 30% from central excise duty, a move announced this week in New Delhi to incentivize the adoption of cleaner fuel alternatives. This strategic policy shift aims to reduce the nation’s heavy reliance on crude oil imports while simultaneously…