Union Minister of Road Transport and Highways (MoRTH) Nitin Gadkari has assured that utilising ethanol as vehicle fuel could result in saving at least Rs 20 per litre.
Similarly, Gadkari also claimed that his ministry will also probably come up with a policy for flex-fuel engines soon. Flex-fuel engines are internal combustion engines that operate on more than one fuel or a mixture of the same.
The senior minister said that the forthcoming policy could stimulate automobile manufacturers to ramp up its production as well.
He added that that the best fuel prices for consumers can only be availed when indigenous fuels such as methanol, ethanol, bio-CNG provide a tough competition to the imported crude oil.
“In our economy, we are spending Rs 8 lakh crore for the import of petrol, diesel and petroleum products which is a big challenge… Being a nationalist I want that our import should reduce and export must increase,” Gadkari’s statement was quoted in a report by the Economic Times.
Whilst inaugurating India’s first liquified natural gas (LNG) filling station in Nagpur, the BJP leader explained that it costs around Rs 10 lakh to convert a conventional truck engine to an LNG engine.
As per estimates, Gadkari said that trucks run for about 98000 km on an annual basis. Hence, each vehicle will end up saving Rs 11 lakh in 9-10 months, which will assist in swift recovery of cost of conversion.
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