NEW DELHI, March 24 (Reuters) - India will shortly issue its
first global tender to import ethanol for blending with
gasoline, Oil Minister Veerappa Moily said on Sunday.
India wants to achieve a target for gasoline to include 5
percent ethanol across the country by June 2013 and has asked
fuel retailers to float tenders for the procurement of ethanol,
Moily told reporters at a press conference.
In a local tender the country managed to procure only half
of the 1 billion litres of ethanol required for blending with
gasoline, he said.
"For the remaining quantity we are in the process of
floating a global tender for import of ethanol ... shortly it
will be issued," he said.
India consumed about 15 million tonnes of gasoline in the
fiscal year ending March 31, 2012, according to government data.
(Reporting by Nidhi Verma; Editing by Mark Potter)