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  • DAILY CURRENT AFFAIRS:India will end its dependence on mineral oils by 2027: Gadkari

India will end its dependence on mineral oils by 2027: Gadkari

Tags: National News

Union Minister for Road Transport and Highways Nitin Gadkari appeared last week to confer an honorary Doctor of Science degree at Dr Panjabrao Deshmukh Krishi Vidyapeeth in Akola, Maharashtra.

  • During his address, Shri Gadkari laid special emphasis on the use of hydrogen, ethanol and other green fuels.

  • India's Road and Transport Minister Nitin Gadkari has claimed that the use of petrol in vehicles in India will end in the next five years.

  • Nitin Gadkari claimed that green fuel would eliminate the need for petrol.

  • Along with this, he also claimed that cars and scooters will either run on green hydrogen, ethanol flex-fuel, or CNG or LNG.

  • This claim of Nitin Gadkari about India is very big, because, India is one of the top petrol importing countries of the world and Indian diplomacy has also been affected due to importing of petrol.

  • He said, "I want to say with full confidence, that after five years the country will run out of petrol. Your cars and scooters will run either on Green Hydrogen, Ethanol Flex Fuel, CNG or LNG."

  • Along with this, Nitin Gadkari also appealed to agricultural researchers and experts to work on increasing the agricultural growth from 12 percent to 20 percent in the next five years.

  • The government is promoting ethanol made from crop residues as an alternative to petrol and diesel.

India is world's third-largest petrol importer:

  • India is the third largest oil importer in the world after China and Japan. India imports about 80 per cent of its oil requirement.

  • Along with this, India had taken a commitment to free the country from fossil fuels by the year 2060 in the COP-26 meeting held last year, if petrol is banned in India, then this is a big step towards freedom from fossil fuels. Will happen.

Other important facts:

  • Green hydrogen can be sold for Rs 70 per kg and can be made from deep well water.

  • With this, the companies of Adani and Ambani have moved towards the manufacture of green hydrogen in India.

  • India's Oil Capacity According to a report last year, India's refinery capacity is 5 million barrels per day. In which more than 60 percent control is with the state-owned oil companies.

  • Indian state oil companies import 14.8 million barrels of oil a month from Saudi Arabia.

  • According to the Observer Research Foundation report, in the year 2020-21, India imported 84 percent of its petroleum requirements.

  • India imported only oil worth US $ 77 billion in the year 2020-21, which is 19 percent of India's total imports.

  • According to the Observer Research Foundation report, Iraq was the largest oil exporting country to India in 2020-21, followed by Saudi Arabia, while America has also become an important country to export oil to India.

  • At present, India imports the most oil from Russia after Iraq.

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