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India may end use of fossil fuel much before 2070: Oil minister

India would be self-sufficient in the energy industry by 2047, stated Petroleum and Natural Gas Minister Hardeep Singh Puri, who also predicted that the country will stop using fossil fuels far in advance of its goal of attaining net zero emissions by 2070. “Although India’s energy demand will continue to climb, we will gradually become less dependent on fossil fuels and usage of biofuels will increase. According to Puri, the use of ethanol and green hydrogen, the fuel of the future, will rise after 2030.

By the year of Amrit Kaal in 2047, when the nation celebrates 100 years of independence, India would be self-sufficient in terms of energy demands thanks to green hydrogen and biofuels, according to Puri, who also addressed the country’s dependency on imported oil, gas, and coal.

Currently, India mixes 12% ethanol—produced from agricultural materials including sugarcane, maize, hay, bamboo, and broken grains of food—into its gasoline. Five years sooner than the initial goal of 2030, when e20 will be accessible throughout India, it intends to increase it to 20% by 2025. “At 12% blending, we buy 100 crore liters of biodiesel and 562 crore liters of ethanol. By 2025, we will need 1,000 crore liters to reach 20%, added Puri, who also noted that there are now more than 5,000 gas stations in India that provide e20 gasoline.

According to him, India has saved Rs 73,000 crore in import costs over the past nine years by achieving 10% blending, while its farmers have made Rs 76,000 crore. Five lakh farmers would profit from a 1% requirement for blending sustainable aviation fuel, while over 70 lakh farmers would gain from a 5% rule, according to the minister. He stated that India intends to invest $60 billion to boost the percentage of gas in the country’s energy mix from the current 6% to 15%. “Gas is a clean and transitional fuel, and we see the investment coming in the country,” he added.

Furthermore, Puri made it clear that there was no plan to divest from Bharat Petroleum Corp Ltd (BPCL). “The business is prosperous. He questioned, “Why would you disinvest our crown jewel.

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