The organiser, Raja, who identifies himself as a devotee from Amritsar, continues to share details about the proposed event on social media, although the claims remain largely unverified following the postponement.
This is likely to push the demand for making lower-blend of fuel available in addition to E20, they said, adding it won’t be easy logistically and considering that an ecosystem has been in place for 20 per cent of blending that’s linked to the rural economy.
Oil prices slipped after early gains as stalled US-Iran talks revived concerns over prolonged Middle East tensions.
CEA also cautioned against trade-off between food and fuel, saying excessive demand for ethanol feedstock could have wider implications for land, water and food availability.
The Petroleum Ministry states that fuel economy is influenced by several factors, including driving habits, traffic conditions, vehicle maintenance, tyre pressure, among others.
India’s E20 push can cut oil imports, save foreign exchange and support farmers, but concerns over mileage, older vehicles, water use and feedstock costs demand a fairer transition.
While Middle Eastern supplies are constrained, OPEC forecasts pointed to weaker demand growth and US crude inventories posted their largest weekly increase in more than 3-1/2 years.
Crude oil prices climbed to ₹7,892 per barrel in futures trade as traders increased positions amid strong spot demand.
The experts also highlighted that going forward, the government should decrease ethanol-blended fuel prices to compensate consumers for a drop in efficiency and expenditures
Brent crude futures edged up to hit $88.00 per barrel and U.S. crude futures ticked up to $82.45, both the highest levels since July 31, after the contracts rallied roughly 5 per cent on Monday.
The three companies, in a joint statement, said the exercise covered the entire fuel supply chain and reaffirmed that fuel quality remained "consistently well within prescribed limits".
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