Financial Daily from THE HINDU group of publications
Wednesday, Aug 14, 2002
Financial Daily from THE HINDU group of publications Wednesday, Aug 14, 2002 |
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Petroleum Industry & Economy - Petroleum Gasohol to be mandatory in 9 States from 2003 Our Bureau
NEW DELHI, Aug.13 THE sale of gasohol would be mandatory in nine States and four Union Territories from January 1, 2003, according to the Union Petroleum Minister, Mr Ram Naik. Petrol mixed with five per cent ethanol is called gasohol. The States where the 2003-norm will apply are Tamil Nadu, Uttar Pradesh, Haryana, Gujarat, Goa, Karnataka, Maharashtra, Andhra Pradesh and Punjab. It will also be mandatory in the Union Territories of Chandigarh, Daman & Diu, Dadra & Nagar Haveli and Pondicherry. Addressing members of the Parliamentary Consultative Committee on August 12, Mr Naik said that this decision would bring down oil import, besides benefiting sugarcane growers in these States and Union Territories. The Minister added that sale of 5-kg LPG cylinders would be launched on August 16 from Shimla. The small-sized cylinder is targeted at people living in the hilly terrains, far-flung areas and the economically weaker sections to enable easier transportation since the conventional cylinder is 30 kg. The deposit for a five-kg cylinder would be Rs 350 per cylinder.
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