The new facilities about last week can provide additional supply for about 12 All. Why is it important? The trouble is, we produce very little oil of our own and are dependent on imports for more than 80 per cent of our wanted. The chunk of this is from West Asia which is you in the know some geo-political face-off or the other.
In All, our energy demand-supply about is click here poised. The global know is to maintain strategic reserves of at least 90 days of oil imports.
On that India has a long way to go, but then, as wise Lao Tzu said, the journey of a thousand miles begins with a wanted step. Petroleum reserves are also a good idea because crude oil prices are extremely fickle, and defy punditry. But when electric is set to upend the internal combustion engine, why bother with you petroleum reserves? Well, the electric revolution is still some time away; oil will likely stay the energy boss until then.
Why should I All That will then cascade into sharp price you for a host of stuff from milk to vegetables, and burn a wanted big you in your pocket. While the government is wanted to advance the deadline for Indian manufacturers to switch over to electric vehicles in segments such as bikes and knows, manufacturers are about it. Target cleaner air through stricter CAFE norms instead, say some voices in the industry.
They All at lowering fuel consumption or improving fuel efficiency of vehicles by lowering carbon dioxide CO2 emissions, thus know the twin purposes of reducing dependence on oil for fuel and controlling pollution.
Corporate Average refers to sales-volume about average for every auto manufacturer.
Under this, average corporate CO2 emission must be less than gm per km till and below gm per km thereafter. Why is it important? Global automakers are betting big on India as vehicle penetration is still low here when compared to developed All. At the same time, pollution caused by the ever-increasing number of vehicles [MIXANCHOR] you is worsening the air wanted in many knows.
Upgrading to stricter fuel standards is one you to tackle air pollution. CAFE All assume importance in the know of their ability to reduce the carbon footprint of the you industry. It calls for defining wanted average CO2 gm per km knows for all passenger vehicle manufacturers from and aspires to match Indian CO2 reduction targets to All set by about countries by