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Oil PSUs to invest Rs 28,750 Cr for switching over to BS VI auto fuels

India Blooms News Service | | Jan 07, 2016, at 01:47 am

#Oil PSUs # Ministry of Petroleum & Natural Gas investment # BS VI auto fuels # Nitin Gadkari # Anant Geete

New Delhi, Jan 6 (IBNS): Dharmendra Pradhan, Minister of State (IC), Petroleum & Natural Gas, in a meeting, on Wednesday informed that Oil PSUs will invest about Rs. 28,750 Crores for switching over to BS-VI auto fuels in an attempt to curb vehicular pollution.

Keeping in view the environmental impact, rising pollution levels and consequent health hazards due to vehicular pollution, the Ministry of Petroleum & Natural Gas has stated that the country should switch over directly from BS-IV to BS-VI fuel standards.

The meeting was also attended by Nitin Gadkari, Minister for Road Transport & Highways, Anant Geete, Minister for Heavy Industries & Public Enterprises and Prakash Javadekar, MoS(IC), Environment, Forests & Climate Change.

"It was noted in the meeting that the BS-IV auto fuels have already been introduced in some parts of the country and will be introduced in the entire country by 01.04.2017. It was decided that the country will leap frog directly from BS-IV to BS-VI fuel standards which will be implemented in the country w.e.f., 01.04.2020," a government statement.

To discuss details of fuel specifications and other relevant issues of BS-VI auto fuels, a group of concerned Secretaries will be formed which will give its report within two weeks.

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