India Exempts E22-E30 Ethanol Petrol From Excise Duty; Big Push To Cut Oil Imports

India has taken another significant step in its ethanol blending roadmap by exempting petrol blended with 22% to 30% ethanol from multiple central excise duties. The move extends tax incentives beyond the E20 program and aims to accelerate the adoption of higher ethanol blends while reducing dependence on crude oil imports. Business Today, Aishwarya Patil highlighted that the Finance Ministry's notification covers E22, E25, E27 and E30 blends, making their excise duty nil. The development is being viewed as a major push for ethanol producers, whose installed capacity now significantly exceeds current demand. Markets will closely monitor the impact on Oil Marketing Companies (OMCs), fuel pricing dynamics, and ethanol-related stocks as India advances its long-term biofuel and energy security goals.