India’s Rising Oil Import Reliance Underlines the Need for Sustainable Alternatives: New Research Report on the Global Biofuel Market Unveiled

Dublin, Oct. 19, 2023 (GLOBE NEWSWIRE) — In light of recent revelations by the Petroleum Planning and Analysis Cell (PPAC), which highlighted India’s increasing dependency on oil imports, the need for alternative energy sources has never been more pronounced. As per the PPAC, the fiscal year 2021-22 saw India importing a whopping 212.2 million tons of crude oil. This surge, marking a year-on-year increase from 196.5 million tonnes, underscores both economic and environmental concerns. Amidst this backdrop, the “Global Biofuel Market – Forecast to 2028” report has been added to ResearchAndMarkets.com’sFor more information about this report visit https://www.researchandmarkets.com/r/53l3grResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
(GlobeNewsWire)