Budget 2022: Additional excise duty to promote ethanol blending

Petrol not blended with ethanol will be costlier from October, which would prompt retailers, especially private oil companies, to switch to blended fuel across the country.

“Blending of fuel is a priority of this government. To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of ₹2/ litre from the 1st day of October 2022,” finance minister Nirmala Sitharaman said in her Budget speech.