Branch² Intelligence
E85 Fuel To Cost Around Rs 20 Per Litre Less Than E20, Says Hardeep Puri
Key takeaway
India's E85 fuel to be priced ~₹20/litre cheaper than E20, boosting ethanol demand.
- Step 1India announces ₹20/litre discount for E85 vs E20, incentivizing ethanol blending.
- Step 2Ethanol demand surges, raising procurement prices for sugar mills and distillers.
- Step 3Higher ethanol blending reduces India's crude oil imports, softening global crude demand.
- Step 4Lower global crude prices reduce fuel input costs for UK logistics SMEs.
Source: IN:NDTV Profit
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