The government has prepared a special plan to avoid expensive oil prices

Amid rising tensions in West Asia, India is now preparing to reduce its dependence on imported crude oil and rapidly promote renewable energy. According to reports, the government is considering increasing the ethanol blending in petrol from the current 20% to 25%. This increase could be implemented in a phased manner.

Preparations to reduce dependence on crude oil

The ongoing conflict in West Asia has disrupted global oil and gas supplies, leading to a sharp rise in crude oil prices. India is now focusing on strengthening domestic energy security.

According to government officials, 20% ethanol blending has saved India about 45 million barrels of crude oil imports annually. This has also saved foreign exchange worth approximately ₹1.5 lakh crore.

25% ethanol blending considered

The government is now examining whether the ethanol content in petrol can be gradually increased to 25%. However, this decision will be approached cautiously, as concerns remain about vehicle mileage, engine efficiency, and long-term impact on vehicles.

India is also increasing refining capacity

Along with renewable energy, India is also expanding its domestic refining capacity to mitigate the impact of the global supply crisis. 

According to reports, the Barmer Refinery has begun operations, while expansion work is underway at the Numaligarh Refinery. New refinery projects are also underway in Maharashtra and Gujarat.

Petroleum reserves are also being strengthened

The government is also strengthening the Strategic Petroleum Reserves, so that the country has sufficient oil stock in times of global crisis.

Green energy is now becoming a strategic need

Officials say that renewable energy, biofuels, and green hydrogen are no longer just environmental issues, but are becoming a strategic necessity for the country. 

Energy experts believe that by rapidly pursuing clean energy, India will be able to protect its economy from future fluctuations in international oil prices and become more energy self-sufficient.