India's Karnataka finds fuel samples exceeding 20% ethanol limit, state minister says
Bullish strength: 20/100
- India's ethanol-blending programme is intended to reduce crude imports, lower emissions and support domestic ethanol producers.
Bearish strength: 80/100
- Four in five surveyed petrol pumps in Karnataka reportedly sold fuel exceeding the permitted 20% ethanol limit.
- Some tested samples contained as much as 31.2% ethanol.
- The state minister warned that excess ethanol could cause issues even for E20-compliant vehicles.
- The minister called for a compensation fund for vehicle owners and accountability for oil marketing companies.
- A previous Reuters investigation reported that India's auto lobby had privately raised concerns about contaminated E20 fuel and potential effects on vehicle parts.
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