Wednesday 19th, December 2018
canara news

Govt to soon unveil policy on methanol blending in petrol: Gadkari

Published On : 09 Dec 2017


Mumbai, (PTI) Union Roads Minister Nitin Gadkari today said the government will be soon announcing a policy which calls for 15 per cent blending of methanol in petrol to make it cheaper and also reduce pollution.

"In the upcoming Parliament session, I am announcing a policy of blending 15 per cent methanol in petrol," Gadkari said at an event organised by Moneycontrol and Free Press Journal here.

He said methanol gets made from coal and costs only Rs 22 per litre as against the prevailing price of about Rs 80 per litre for petrol and added that China is making the coal byproduct for Rs 17 per litre itself.

"The costs will go down, pollution will go down," the Union minister said.

He said factories in and around Mumbai, including Deepak Fertilisers and Rashtriya Chemicals and Fertilisers (RCF), can generate methanol.

Gadkari said Swedish auto major Volvo has got a special engine to the financial capital which runs on methanol and using the locally available methanol, he will be attempting to run 25 buses entirely on the fuel.

The Union minister said ethanol should also be used more widely and said that he has suggested his cabinet colleague in-charge of the petroleum ministry to look at this rather than building petrol refineries that cost over Rs 70,000 crore.

Gadkari said the total investment opportunity on ethanol alone if Rs 1.50 lakh crore.

He reiterated his concerns on the traffic growth because of a 22 per cent rise in car sales annually and expressed a desire to focus less on roads because of this.

On the road works, he said the government has reached 28 per day and plans to accelerate this further to 40 kms soon.

In FY18, it will increase the total number of road projects awarding to 20,000 km from the year ago's 16,000 km, he said, adding that Rs 7 lakh crore worth projects have been awarded by his ministry since he took charge in 2014.

Gadkari expressed concern over the speed of projects under the Defence Ministry-led Borders Roads Organisation and added that his ministry has started the the National Highways and Infrastructure Development Corporation for the same.

The newly formed company will be undertaking works worth Rs 1.5 lakh crore in strategically important locations like north east India, he said.

The government is targeting to increase the the total amount of works awarded by the NHIDCL to 3,000 km in FY18, up from 800 km in FY17, he said.







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.