NEW DELHI: Niti Aayog will soon pilot a cabinet note that seeks to make it mandatory for passenger vehicles to run on petrol blended with 15% methanol. If approved by the cabinet, this move will result in an at least 10% reduction in monthly petrol bills and help the government to substantially cut down its oil import bill.
A high-level meeting was held in last week of July to discuss the details of the proposal and a senior government official told ET that cabinet secretary PK Sinha is personally monitoring the progress on this front.