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India to invest Rs 195M for better fuel quality
195 million by 2005 to provide better transport fuel, the government said in Parliament Thursday.
NEW DELHI: Petroleum Minister Ram Naik said in a written statement in Lok Sabha that the investment would be made to supply Euro-II compliant petrol and diesel across the country.
Though an expert panel had submitted its report last year, India is yet to finalise a transport fuel policy, Naik said.
Referring to measures taken to supply environment friendly fuel, Naik said steps had been taken in the last few years to phase out leaded petrol, reduce sulphur content in petrol and diesel and increase the octane number of petrol and cetane number of diesel.
Steps are also being taken to introduce a benzene content limit in petrol, he said.
"The investment made by oil companies have been to the tune of 100 billion, including around 24.3 billion spent in the past three years," Naik informed the house.
Petrol and diesel with ultra low sulphur content of 0.05 percent, which complies with Euro-II norms, was till recently available in four metropolitan cities and Hyderabad and Secundrabad, he said.
This fuel was introduced in Bangalore, Ahmedabad, Agra, Pune, Kanpur and Surat from April 4.
Source: IANS