India is among the countries providing the world's cheapest petrol, Minister of Petroleum and Natural Gas of India said on Friday, citing ethanol blending as a major reason behind the low fuel prices.
"Today, India is among the countries providing the world's cheapest petrol, and a major reason behind this is also ethanol blending. When the world is troubled by rising crude oil prices, India has ethanol purchased from its farmers, whose price remains fixed for the entire year," he said in a post on X.
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