Blending bio-fuels to the extent of 10 per cent with petrol and 5 per cent with diesel can result in annual savings of between Rs 8,000 crore and Rs 12,000 crore, says a study jointly done by the Confederation of Indian Industry and consultants A T Kearney.
The study-report, titled ‘Cost-effective green mobility’, released here today, however cautions that “a few challenges need to be overcome to achieve this’’.
Some of these are making available sufficient bio-fuels, the danger of damage to vehicles by inconsistent blending, and ensuring that forest or otherwise useful lands are not diverted for cultivating bio-fuel crops.
The “10 per cent ethanol” blending or E-10 will result in emission abatement of 12 million tonnes of carbon dioxide equivalent, the report says.
The study, which went into the economics of the overall reduction in all kinds of emissions, says that it will cost the country Rs 9,000-12,000 crore to achieve about 100 mt reduction in carbon dioxide by 2020, over the “base-case” of about 500 mt by that year.
It calls upon the Government to “do its part” by offering tax breaks, subsidising green technologies and investing in infrastructure improvements.
Moreover, the study says there will be “substantial social and health benefits to the nation beyond the economic implications’’.
Keywords: Bio-fuels, bio-fuel blend, bio-fuel blend with petrol and diesel, carbon dioxide emissions, reduction in carbon dioxide emissions,
Comments:
There are products that can save upto 25% & reduce emissions up to 80%
For savings info etc please visit the website of geocorpecoscom
India charges the maximum tax on petrol and diesel in the world, There is no official breakdown on how much it costs to buy and refine oil, and in the meantime ONGC and Bharath Petroleum have been making 1000s of crores of rupees profits at the cost of common man. Someone should file PIL against these companies to find out actual cost of petrol and profits they make, as it costs more than 5 dollars a gallon, which I think is not right. As per my information out of 80 rupees for each litre of petrol, government charges more than 50% taxes, and ofcourse ONGC is a public sector company, not sure why they are driven to make profits like a regular corporation, and what happens to those profits.
Not so fast mate !! This is all well known fact. But, in India, anything to do with Savings will never be effected fast. India will spend another 25,000 crores, before they decide to introduce blended fuel, and reduce the oil import bill, since the Oil Mafia will have to be 'fed' first before Indian people are provided the benefits. Such is the way things are don in India
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