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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts FPIs extend sell-off in April; pull out ₹48,213 crore in 10 days After hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital Gold vs equities: Does the yellow metal hold edge despite softening shine? The new gold rush: Why investors are moving from jewellery to digital FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence Broker’s call: JM Financial (Buy) Inflow in equity MFs surges 56% to ₹40,450 crore in Mar amid geopolitical tensions, mkt volatility Markets snap six-week losing streak; all eyes on US-Iran talks Corporate governance must empower people, says Arundhati Bhattacharya BSE shares hit 52-week high, what is driving the surge? Rupee drops 17 paise to close at 92.68 against US dollar Stock Market Highlights: Closing bell: Sensex settles 918 points higher at 7,550, Nifty 50 up 275 points at 24,050 Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Gold futures drop ₹1,363 to ₹1,52,071/10g RBI’s recent currency curbs can backfire. Here’s why RBI's cash withdrawal plan pushes up bond yields, swap rates India targets 30 lakh PNG connections amid LPG supply concerns MF equity inflows jump 56% as investors pump-in more money D-Street rebounds: Sensex, Nifty up 1%, auto stocks roar, Sun Pharma, Infosys, TCS top losers Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Prestige Estates shares gain on ₹9,000 crore Versova project with ABIL Group Nifty crosses 24,000; IT stocks bleed as broader market rallies India's equity mutual fund flows jump to 8-month high in March Jefferies stays marginally overweight on India; valuations improve despite weak Q1 Om Power Transmission IPO subscribed 46% on day 2 morning India gold demand firms ahead of festival; China premiums ease Wipro shares steady amid IT selloff, buyback buzz lifts sentiment Crude oil futures rise on Hormuz disruptions, Saudi attack reports Gift Nifty points to gap up opening driven by global cues Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions Crude surge, geopolitical tensions weigh on IT; financials, paints outperform 9 Stocks to Watch: Wipro, Poonawalla Fincorp, Prestige Estates and Amagi Media Lab Debt auction adds fresh pain to India bonds hit by oil prices Gold prices log worst monthly fall since 2013 with 12% drop in March: World Gold Council Nifty snaps 5-day winning streak as ceasefire hopes fade, crude surges BSE gets SEBI nod to launch derivative contracts on BSE Focused IT Index NSE plans ₹23,000-crore IPO filing by early May Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Zerodha’s Coin app adds fixed deposits, expands beyond mutual funds Exchanges extend IPO approval validity for SMEs Broker’s Call: Aptus Value, Aadhar Housing Fin (Outperform) TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth Broker’s Call: Amagi Media Labs (Buy) ABD Maestro launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra Anand Rathi Wealth Q4 profit jumps 41%; board announces bonus issue, dividend Gold futures trade higher at ₹1.51 lakh/10g Stock Market Highlights: Sensex plunges 1.2%, Nifty 50 drops 0.93% as markets slide Rupee falls 9 paise to close at 92.63 against US dollar Aimtron Electronics bags ₹57.66 crore IIoT and AI surveillance orders Stock market rally shows signs of short covering, lacks fresh buying LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge
Centre defends E20 petrol amid viral claims, pushes ethanol roadmap towards E100 ecosystem
Amit Vijay Mohile · 2026-06-24 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

The Ministry of Petroleum and Natural Gas on Tuesday issued an unusually combative defence of E20 petrol, accusing some social media users of recycling old videos and images to “garner viewership through sensationalism” and create “unwarranted concerns regarding ethanol-blended fuel”, even as the government begins laying the groundwork for an eventual E100 ecosystem.

Calling the claims “misleading and unsubstantiated”, the ministry said the Ethanol Blending Programme is “scientifically validated and continuously monitored by the Government” and that no widespread engine failures or vehicle breakdowns linked to ethanol blending have been reported since the introduction of E20 petrol.

The statement marks one of the government’s strongest public interventions yet to counter criticism of the ethanol programme and comes at a pivotal moment for India’s biofuel ambitions. Having achieved its 20% ethanol blending target ahead of schedule, policymakers are now shifting their attention to the next phase of the transition—one that will depend not only on production capacity and blending mandates but also on whether consumers are willing to embrace ethanol-rich fuels.

Why the Government Stepped In

The ministry’s statement directly addressed a series of claims that have gained traction on social media in recent weeks, including allegations that ethanol-blended petrol can damage engines, attract insects, absorb water, compromise fuel quality or even affect vehicle insurance validity.

In a sign of the government’s growing frustration, the statement suggested some of the content was being amplified for attention rather than public awareness.

“It has also been observed that old images and videos are being recirculated in an apparent attempt to garner viewership through sensationalism and create unwarranted concerns regarding ethanol-blended fuel,” the ministry said.

The release went further, alleging that “certain individuals are creating and sharing videos on social media falsely portraying sugarcane juice as being mixed directly with petrol.”

“Such content is misleading and baseless,” it said.

The unusually direct language reflects how seriously policymakers appear to be taking the issue. Fuel policy communications typically focus on economics, energy security and environmental benefits. This time, the government chose to confront social media narratives head-on.

Defending Ethanol, Not Just E20

At one level, the statement is a defence of E20 fuel, which is already being sold nationwide. But the timing suggests a broader concern.

India has already crossed the milestone that policymakers have pursued for nearly two decades. According to the ministry, the ethanol blending programme has helped save the country more than ₹1.4 lakh crore in foreign exchange by reducing crude oil imports, while creating sustained demand for agricultural feedstocks and strengthening farmers’ incomes.

The bigger challenge now lies ahead.

The government’s intervention comes shortly after policymakers began outlining a roadmap for E100 and discussing a future built around higher ethanol usage and flex-fuel vehicles. That changes the nature of the ethanol transition.

Unlike E20, where consumers effectively receive blended fuel by default, the next phase will increasingly require motorists to actively choose ethanol-based fuels. Flex-fuel vehicles can operate on both petrol and ethanol, meaning adoption will depend not only on availability and pricing but also on public confidence in ethanol itself.

Viewed through that lens, the ministry’s intervention appears less like a routine fact-check and more like an effort to protect ethanol’s credibility as India prepares for the next stage of its biofuel strategy.

The Science Defence

Throughout the statement, the ministry repeatedly returned to the theme of scientific validation. “The Ethanol Blending Programme is scientifically validated and continuously monitored by the Government,” it said, adding that higher blending levels have been introduced only after extensive technical evaluation and consultation with oil marketing companies, automobile manufacturers, fuel testing agencies and other stakeholders.

The ministry also sought to reassure consumers that ethanol-blended fuel has not triggered systemic vehicle problems.

“Since the introduction of E20 petrol, no widespread issues of engine failure or vehicle breakdown attributable to ethanol blending have been reported,” it said.

Addressing concerns about ethanol’s tendency to absorb moisture, the ministry noted that water contamination is undesirable for any fuel system and not unique to ethanol blends.

“It is common knowledge that the entry of water into the fuel tank is undesirable for any fuel, whether ethanol blended or otherwise,” the statement said, adding that modern vehicles are equipped with safeguards to prevent water ingress.

The Ants, Sugarcane Juice and Insurance Claims

A significant portion of the statement focused on debunking specific claims that have circulated online.

One of the most widely shared videos showed ants near a vehicle fuel tank, prompting suggestions that ethanol was attracting insects because it is derived from sugar-rich feedstocks.

Citing Bharat Petroleum Corporation Ltd (BPCL), the ministry said fuel-grade ethanol undergoes fermentation and distillation processes that eliminate residual sugars and contain denaturants that are repellent to insects.

“There is no identifiable attractant associated with E20 fuel that would cause ants or other insects to congregate around vehicle fuel caps,” the statement said.

It concluded that claims linking E20 fuel to ant attraction have “no scientific basis and are not supported by scientific evidence.”

The ministry also rejected videos allegedly showing sugarcane juice being mixed directly with petrol.

While ethanol can be produced from sugarcane juice, molasses, broken rice and maize, it stressed that fuel ethanol is produced through established industrial processes and must conform to stringent quality specifications before blending.

Similarly, it dismissed claims that using E20 fuel could affect vehicle insurance validity, noting that relevant stakeholders had clarified the matter and found them incorrect.

Why Perception Matters Now

The government’s unusually aggressive response reflects a reality confronting the next stage of India’s ethanol ambitions.

The first phase of the programme was primarily a supply challenge. Policymakers needed to expand ethanol production, create procurement systems and ensure oil companies could blend increasing volumes of ethanol into petrol.

The next phase is likely to be a demand challenge.

Unlike electric vehicles, which create captive electricity demand once purchased, ethanol-based mobility does not automatically create captive ethanol demand. Even in a future E100 ecosystem, motorists will continue to compare ethanol against petrol on cost, convenience and perceived reliability. That makes consumer trust a critical variable.

Any sustained doubts about engine durability, fuel quality or vehicle performance could slow adoption irrespective of government targets or production capacity.

The Brazil Reference

The ministry’s statement also pointed to international examples, including the United States, Brazil and Japan, where ethanol blending has been implemented successfully for years. Brazil occupies a particularly important place in India’s ethanol strategy and is frequently cited by policymakers as evidence that higher ethanol blends are technically feasible.

The ministry noted that Brazil has long operated with E27 as its standard petrol blend. Yet Brazil also offers another lesson. Its ethanol ecosystem works not only because consumers trust the fuel but because ethanol is often priced attractively relative to gasoline.

That distinction may become increasingly important as India seeks to move beyond blending targets towards wider adoption of ethanol-rich fuels such as E-100.

Published on June 24, 2026