India expands excise duty exemption to higher biofuel blends
July 6, 2022
BY Erin Krueger
The government of India on July 4 announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends, according to a notice published by the Ministry of Finance.
The tax exemption originally applied to E10 blends, but has now ben expanded to blends of E12-E15. The exemption will also apply to B20 made from vegetable oils, according to the notice.
India recently set an ambitious goal to move to an E20 blend of gasoline by 2025. Ethanol currently accounts for approximately 8.5 percent of the country’s gasoline, up from 1.5 percent in 2014. India earlier this year announced plans to install or upgrade nearly 200 grain-based ethanol production facilities as part of its effort to adopt an E20 blend of gasoline.
Advertisement
Advertisement
Advertisement
Advertisement
Related Stories
Broco Energy on July 17 announced a new partnership with the Massachusetts Port Authority (Massport) to deliver and transition Massport's fuel tanks to renewable diesel across its various facilities.
Shell Aviation, Accenture, and Amex GBT on July 10 announced Avelia is in the process of evolving to an industry solution with independent data hosting and a multi-supplier model helping users access the GHG benefits of SAF.
The U.S EPA on July 17 released data showing more than 1.9 billion RINs were generated under the RFS during June, down 11% when compared to the same month of last year. Total RIN generation for the first half of 2025 reached 11.17 billion.
The U.S. EPA on July 17 published updated small refinery exemption (SRE) data, reporting that six new SRE petitions have been filed under the RFS during the past month. A total of 195 SRE petitions are now pending.
European biodiesel producer Greenergy on July 10 confirmed plans to shut down its biodiesel plant in Immingham, Lincolnshire, U.K. The company temporarily suspended operations at the facility earlier this year.
Upcoming Events
