India's road transportation ministry advised the financing ministry on Monday to think about lowering taxes on flexiblefuel lorries as part of a. drive to cut carbon emissions in the world's 3rd greatest oil. consuming nation.

Road Transportation Minister Nitin Gadkari said the goods and. services tax (GST) on flexi-fuel automobiles need to be cut to 12%,. which he had currently raised the issue with the financing. minister. At present, flexi-fuel vehicles draw GST of 28%.

Flex engine is the supreme target, Gadkari stated at a. biofuel conference. He said the road transport sector in India. annually produces 300 million tonnes of carbon dioxide.

Flexi-fuel, a mixture of ethanol and fuel, is more affordable. than routine gasoline.

At present, the typical ethanol content in fuel is 15%. and India is on track to raise the mixing to 20% by October. next year, Oil Minister Hardeep Singh Puri stated.

He said India is promoting making use of several feedstocks. for ethanol production.

The federal government last week brought back making use of. sugarcane juice or syrup to produce ethanol in the brand-new marketing. year starting Nov. 1, ending curbs enforced in December 2023.

The government has also resumed the sale of 2.3 million. tonnes of rice through auction to ethanol distilleries in the. three-month period to October, he said.

India, the world's third largest oil importer also,. depends on foreign suppliers for about 85% of its crude needs however. is slowly building capability to increase its output of. biofuels, assisting satisfy Prime Minister Narendra Modi's objective of. net absolutely no carbon emissions by 2070.

Puri also stated the federal government is pushing automakers to make. completely ethanol-powered vehicles. He stated 20% ethanol mixed. gas is sold at about 15,600 retail outlets in India, and. 400 fuel stations provide 100% ethanol for vehicles.

Biofuels are important in lowering our dependence on fossil fuels. and reducing emissions, paving the way for a cleaner and more. sustainable future for our nation, Puri said.

(source: Reuters)