fuel price Update: The conflict in the Middle East is impacting ordinary citizens across the globe through rising inflation. With crude oil prices skyrocketing in the global market, the cost of Petrol, diesel, and gas cylinders has increased. Petrol and diesel prices have risen by approximately ₹7 to ₹8 per litre.
Meanwhile, the government is exploring various measures to shield citizens from this inflation and has devised a “master plan” to provide relief. While petrol and diesel prices haven’t dropped, commuting in Delhi won’t necessarily become prohibitively expensive. You might be surprised to hear this, but it is absolutely true. Here are the details.
Understanding the Government’s Master Plan
In the national capital, Delhi, the central government has introduced a fuel option that is approximately ₹20 cheaper than standard petrol. To facilitate this, the country’s first E-85 fuel station has been launched. Union Petroleum Minister Hardeep Singh Puri inaugurated the station, located at Indian Oil’s Pusa Road outlet.
What is E-85 Fuel?
E-85 is an alternative fuel blend containing ethanol. The term “E-85” signifies a mixture comprising roughly 85% ethanol and 15% petrol. Blending a high proportion of ethanol into petrol reduces reliance on crude oil; consequently, even if crude oil imports decrease, there will be no shortage of petrol. Since ethanol is produced domestically in India, it attracts no import duties. This initiative not only promises to lower petrol prices but also boosts farmers’ profits.
Price Difference
E-85 fuel is expected to be available at a price approximately ₹20 lower than standard petrol. In Delhi, the price has been fixed at ₹82.12 per litre. Currently, E-20 petrol consists of 20 per cent ethanol and 80 per cent petrol.
For the convenience of the public, E-85 dispensers at fuel stations will feature distinct branding and labelling to prevent any confusion, ensuring customers can easily identify the type of petrol they are filling.
