Methanol To Cut India’s Oil Import Bill By 30%: Gadkari

Methanol To Cut India’s Oil Import Bill By 30%: Gadkari

The government is contemplating a ‘Methanol Economy Fund’ to promote indigenously-produced methanol that could substitute 10 per cent of India’s crude oil imports by 2030, thereby reducing its fuel bill by around 30 per cent, Road Transport and Highways Minister Nitin Gadkari said on Thursday.