Showing posts with label Develop economy norms. Show all posts
Showing posts with label Develop economy norms. Show all posts

Govt sets up panel to develop economy norms 03/07/2014

Govt sets up panel to develop economy norms
03/07/2014 17:53
With commercial vehicles and buses guzzling more than a third of all diesel consumed in India, the government has constituted a high-level committee to develop fuel economy norms for heavy-duty vehicles, reported PTI. The committee, to be headed by Rajive Kumar, Additional Secretary in the Ministry of Petroleum and Natural Gas, will "develop a road map for fuel efficiency norms for heavy duty vehicles (trucks and buses) in India", as per the media reports. "In view of growing dependence of the country on import of crude oil and the fact that the highest consumption of diesel is by commercial vehicles i.e 26.75 per cent, followed by 10.75 per cent by buses/state transport undertakings (STUs), it has been felt imperative by the Government to define fuel economy norms for heavy duty vehicles (trucks and buses) in India," it said. Diesel is the most consumed fuel in the country, accounting for over 43 per cent of 158.2 million tonnes of petroleum products consumed in 2013-14. Diesel consumption was 68.37 million tonnes in the last fiscal, as per reports in the media.