Higher ethanol blended petrol between 22-30% exempted from central excise duty

In a significant step towards promoting the use of biofuels in the country, the government has announced the exemption of central excise duty on petrol blended with a higher percentage of ethanol. The exemption will apply to petrol blended with 22-30% ethanol, which is a significant increase from the current levels. This move is expected to encourage the production and consumption of biofuels, which are considered a cleaner and more eco-friendly alternative to traditional fossil fuels. The government's decision is also in line with its goal of reducing the country's dependence on imported fuels and promoting the use of indigenous energy sources. The exemption of central excise duty is expected to make biofuels more competitive in the market and increase their adoption across the country. The government has been actively promoting the use of biofuels in recent years, and this move is seen as a major step towards achieving its target of blending 20% ethanol with petrol by 2025. The use of biofuels is also expected to reduce greenhouse gas emissions and contribute to a cleaner environment. Additionally, the increased production of biofuels is expected to create new job opportunities and stimulate economic growth in rural areas. The government's decision has been welcomed by the industry, which sees it as a major boost to the biofuel sector. The exemption of central excise duty is expected to lead to an increase in the production of biofuels, which will not only benefit the environment but also contribute to the country's energy security. The government is also planning to launch other initiatives to promote the use of biofuels, including the setting up of new biofuel production plants and the creation of a national biofuel policy. Overall, the exemption of central excise duty on petrol blended with 22-30% ethanol is a significant step towards promoting the use of biofuels in the country and achieving a cleaner and more sustainable energy mix.