Tuesday, August 28, 2018

India to announce new Bio-ATF policy soon: Oil minister Dharmendra Pradhan

New Delhi: The oil ministry will soon announce a new Bio-Aviation Turbine Fuel (ATF) policy, oil minister Dharmendra Pradhan said today. The idea is to promote the use of clean biofuel in aviation.

He was speaking to the media at the Indira Gandhi International (IGI) Airport during an event marking the arrival of the country’s first biofuel-powered aircraft operated by SpiceJet. Road transport and highways minister Nitin Gadkari, commerce minister Suresh Prabhu and Minister of State for Civil Aviation Jayant Sinha were also present on the occasion.

“I would like to congratulate the Indian Institute of Petroleum. The oil ministry will soon come out with a new Bio-ATF policy. Under GST, bio-diesel taxation has been reduced to 12 per cent from 18 per cent. Similarly, ethanol is now taxed at 5 per cent as compared to 18 per cent earlier. The bio-fuel industry is set to gather pace, whether it is bio-diesel, ethanol blending, bio-CNG, ethanol procurement or 2G ethanol production,” Pradhan said.
27/08/18 Bilal Abdi/ET Energyworld
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