Page 51 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

in approximate savings of more than Rs.1,13,007crore of foreign exchange and crude oil substitution of
about 193 lakh metric tonnes.

Ethanol blending by Public Sector Oil Marketing Companies (OMCs) has increased from 38 crore litre in
Ethanol Supply Year 2013-14 (ESY – currently defined as ethanol supply period from 1stNovember of a
year to 31st October of the following year) to 707crore litre achieving average blending of 14.60%in ESY
2023-24.

Government has advanced the target of 20% ethanol blending in petrol from earlier 2030 to ESY 2025-26
and a “Roadmap for ethanol blending in India 2020-25” has been put in public domain. As a step in this
direction, OMCs plan to achieve 18% blending during the ongoing ESY 2024-25. Other recent enablers
include enhancement of ethanol distillation capacity to 1713 crore litre per annum; Long Term Off-take
Agreements (LTOAs) to set up Dedicated Ethanol Plants (DEPs) in ethanol deficit States; encourage
conversion of single feed distilleries to multi feed; availability of E-100 and E-20 fuel; launch of flexi fuel
vehicles etc. All these steps also add to ease of doing business and achieving the objectives of Atmanirbhar
Bharat.

Due to the visibility provided by the Government under EBP Programme, investments have happened
across the country in the form of network of greenfield and brownfield distilleries, storage and logistics
facilities apart from employment opportunities and sharing of value within the country among various
stakeholders. All distilleries will be able to take benefit of the scheme and large number of them are
expected to supply ethanol for the EBP programme. This will help in quantifiable forex savings, crude oil
substitution, environmental benefits and early payment to cane farmers.

Year End Review 2024 - Ministry of Power

The year 2024 marked a landmark period for India's power sector, with historic advancements in energy
generation, transmission, and distribution. From meeting record power demand of 250 GW to reducing
energy shortages at the national level to a mere 0.1% in FY 2024-25, the sector demonstrated resilience
and commitment to sustainable growth. Significant strides in energy conservation, consumer
empowerment, and infrastructure development underscore the government's efforts to ensure reliable,
affordable, and clean energy for all.

With groundbreaking initiatives such as universal electrification, enhanced rural power availability, and
the adoption of cutting-edge technologies, India is firmly on the path to becoming a global energy leader.

Improvement in Power Supply Position:

o Record Demand Met: India successfully met an all-time maximum power demand of 250 GW
during FY 2024-25.

o Sharp Reduction in Power Shortages: Due to significant additions in generation and transmission
capacities, energy shortages at the national level have reduced to a mere 0.1% in FY 2024-25, a
major improvement from 4.2% in FY 2013-14.

o Rise in Per Capita Electricity Consumption: Per capita electricity consumption in India has surged
to 1,395 kWh in 2023-24, marking a 45.8% increase (438 kWh) from 957 kWh in 2013-14.

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