The Grain Ethanol Manufacturers Association (GEMA) welcomes the Government of India’s decision to rationalise excise duties on motor spirit and related petroleum products with immediate effect, a timely intervention that will help maintain stability in fuel prices for consumers across the country.
At a time when many countries are witnessing sharp increases in petrol prices due to global geopolitical tensions and volatility in crude oil markets, India has once again demonstrated policy foresight by protecting domestic consumers from sudden price shocks. This decision reflects the government’s continued commitment to economic stability and public welfare.
GEMA congratulates Prime Minister Narendra Modi for providing visionary policies that have helped India manage fuel pricing more effectively and reduce vulnerability to external market disruptions. The present policy direction has ensured that India is not left fully exposed to the vagaries of international crude oil fluctuations and geopolitical uncertainties.
India’s ethanol blending programme has already emerged as one of the strongest policy instruments for reducing import dependence, supporting farmers, saving foreign exchange,and creating domestic energy resilience. The success achieved under E20 blending clearly demonstrates that ethanol is no longer only an environmental choice, but a strategic economic shield for the nation.
Dr C.K Jain, President, Grain Ethanol Manufactures Association believes that the present moment also offers an important opportunity to move decisively toward higher ethanol blending beyond E20. Expanding blending levels further will strengthen India’s long-term fuel security, create additional demand for domestic agricultural feedstocks such as maize and grain and provide greater stability to motor spirit pricing in future years.
The association emphasises that every additional percentage of ethanol blended in motor spirit directly contributes to reducing crude oil imports, improving farmer incomes, and insulating the Indian economy from global fuel price disturbances.