Economy · India

Government Addresses E20 Petrol, Oil Prices Amid Global Tensions

The Indian government has stated that E20 petrol, which contains 20% ethanol, is suitable for vehicles and denied that it will be phased out. Responding in the Rajya Sabha, Minister Suresh Gopi addressed concerns about potential engine damage and reduced mileage associated with E20 fuel. Meanwhile, global crude oil prices are nearing $100 per barrel, with reports of US strikes on Iranian infrastructure and incidents in the Red Sea impacting shipping routes. These developments have coincided with petrol and diesel price updates in various Indian cities and concerns raised about Pakistan's fuel situation.

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