2023-11-27 02:39:35
Title: Chennai Petrol and Diesel Prices Remain Unchanged for 18 Months
After 18 consecutive months without a change in petrol and diesel prices, Chennai residents are still paying the same prices today. The current price for one liter of petrol is Rs. 102.63, while the price for diesel is Rs. 94.24 per liter.
In India, where 80% of vehicles run on petrol and diesel, any increase in fuel prices has a significant impact on the daily lives of the people. The rise in fuel prices also leads to an increase in the prices of daily essentials, affecting the common people.
The recent announcement of the National Biofuel Policy by the Central Government aims to increase the blending of ethanol in petrol from the current 10% to 20% by 2025. This policy is part of India’s efforts to move towards becoming a fully electrified country.
The Minister of Natural Gas, Hardeep Singh Puri, stated that the target of selling 20% ethanol in petrol has been revised to 2025, five years earlier than initially planned. Puri also mentioned that the government is working on technical aspects to achieve this goal and is in discussions with automobile manufacturers regarding ethanol adulteration.
As for the current price situation, the unchanged prices have brought relief to the people. The central government’s decision to increase petrol prices by Rs. 5 and decrease diesel prices by Rs. 10 on November 4, 2021, was well received following the economic impact of the COVID-19 lockdown.
With the continuous monitoring of the fuel price situation by the common people, any changes or relief in prices significantly impact their daily lives. The government’s efforts to transition to biofuels and reduce dependency on imported fuels are being closely observed by the public.
As the world continues to move towards electric power, the situation surrounding petrol and diesel prices will be monitored closely by the people. The central government’s target of achieving 20% ethanol blending in all petrol sold in the country by 2025 is also a significant development that will have an impact on the daily lives of the people.
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