The Union Cabinet on Wednesday approved the National Biofuel Policy-2018 with several amendments, major being advancing the blending target of 20% blending of ethanol in petrol to 2025-26 from 2030 earlier.
The policy was drafted to help in meeting the target of reducing import dependence on fossil fuels by 10 per cent from 2014- 15 levels by the year 2022. This target is to be achieved by adopting a five-pronged strategy which includes, increasing domestic production, adopting biofuels & renewable, energy efficiency norms, improvement in refinery processes and demand substitution.
National Biofuel Policy was first drafted in 2009 and then amended in 2018. The Cabinet has approved the 2018 draft with further amendments.
