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  Business   In Other News  10 Aug 2018  Govt aims to cut oil imports by Rs 120 billion by using biofuels: Modi

Govt aims to cut oil imports by Rs 120 billion by using biofuels: Modi

REUTERS
Published : Aug 10, 2018, 11:56 am IST
Updated : Aug 10, 2018, 11:56 am IST

It plans to invest 100 billion rupees and would build 12 biofuel refineries.

India aims to cut down its oil import bill by 120 billion rupees (USD 1.74 billion) through increased use of biofuels, Prime Minister Narendra Modi said on Friday.
 India aims to cut down its oil import bill by 120 billion rupees (USD 1.74 billion) through increased use of biofuels, Prime Minister Narendra Modi said on Friday.

New Delhi: India aims to cut down its oil import bill by 120 billion rupees (USD 1.74 billion) through increased use of biofuels, Prime Minister Narendra Modi said on Friday.

The South Asian nation, which imports up to 80 per cent of its oil needs, plans to invest 100 billion rupees and would build 12 biofuel refineries, Modi said.

Tags: narendra modi, biofuel, oil imports, oil refineries
Location: India, Delhi, New Delhi