Minister Puri on E20 Fuel: Minor Mileage Drop, Price Cuts in Sight?

Union Petroleum Minister Hardeep Singh Puri has stepped in to allay public fears surrounding the E20 ethanol-blended fuel, categorizing social media-driven concerns about significant mileage drops as 'make-believe.' The minister clarified that any reduction in vehicle mileage due to E20 is expected to be minor, also highlighting potential upsides like improved acceleration. The government's move comes amidst growing conversations and misinformation circulating online regarding the new fuel.

Puri emphasized that ethanol blending is a globally established practice, citing historical figures like Henry Ford, who designed the iconic Model T to run on ethanol. To counter the spread of inaccuracies, the Ministry has released a detailed note aimed at reassuring vehicle owners about the safety and efficacy of E20 fuel. This initiative underscores the government's commitment to its ethanol blending program, which seeks to reduce reliance on fossil fuels and cut down on carbon emissions.

Separately, Minister Puri also addressed the eagerly awaited question of retail fuel price reductions. While acknowledging that international crude oil prices have seen a decline, he cautioned that immediate price cuts might not be on the horizon. Puri explained that oil companies are still processing crude acquired during the peak of the West Asia crisis. He hinted that consumers might see some relief in '2-3 months,' calling the prospect of immediate cuts 'hypothetical for now.' This suggests a watchful approach from the government and oil marketing companies as they navigate the volatile global oil market and aim for stability before passing on benefits to consumers.

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