In a further bid to promote the cleaner fuel, Liquified Natural Gas (LNG), the central government along with The Society of Indian Automobile Manufacturers (SIAM) has identified 1,000 locations across the country to set up LNG outlets, according to a Financial Express report. The centre aims to set up 1,000 outlets in the next three years, the report says.
The central government also eyes to achieve a target of 15% in India’s overall energy mix by 2030, the FE report says.
The development comes at a time when the country recorded a WPI inflation of 12.54%, primarily due to a rise in the prices of crude petroleum and natural gas. According to SIAM, automakers like Eicher and Tata Motors have shown interest in manufacturing LNG vehicles. The transport sector of India consumes around 40% of the total diesel sold in the country.
Easy availability of LNG will reduce the demand-side pressure on Petrol and Diesel easing the prices. Also, LNG does not emit any sulphur dioxide and reduces nitrogenous emissions by 85%. It can prove to be a boon for the environment. It can also help India to meet its commitments under the recently concluded COP26 conference in Glasgow.