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“We will discuss the viability issues,” he said.According to an official note, the blending percentage has touched 15.83% in July, 2024 and cumulative blending percentage has crossed 13.6% in the ethanol supply year 2023-24.

Encouraged by this progress, the government has set a target of reaching 20% blending by the end of 2025-26.The government sees the ethanol blending program as a key to meeting its green energy commitments and improving the financialhealthof sugar mills.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

AI driven personal finance tools ✌️【Value Investing】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!The US dollar has risen to a two-year high, which could lead to an increase in oil prices for buyers using other currencies.

Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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