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Interim Budget 2024-25: OilMin bats for retaining energy transition fund
Date: 14 Jan 2024
Source: Business Standard
Reporter:
News ID: 57287
Pdf:
Nlink: https://www.business-standard.com/budget/news/interim-budget-2024-25-oilmin-bats-for-retaining-energy-transition-fund-124011400351_1.html

              The Petroleum and Natural Gas Ministry has told the Finance Ministry that a Rs 30,000 crore fund for energy transition and net-zero objectives announced for oil marketing companies (OMC) in last year’s Budget, but never disbursed, needs to stay in the upcoming Budget. 

The last Budget had earmarked a mega capital outlay, which was set to focus on new-age fuels — green hydrogen, ethanol, and other biofuels. 

The record high budgetary grant towards green transition was to be a key driver in reducing the carbon emission of the economy and leap towards green fuels and green energy sources. 

 

 
  

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