Indian government restricts biofuel exports

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In India, the government placed restrictions on biofuel exports within days of similar restrictions for its imports, including ethyl alcohol and other denatured spirits, bio-diesel, petroleum oils and oils obtained from bituminous minerals other than crude. Now, a license is required for both exports and imports of biofuels in India. Earlier exports of these items were allowed without any restrictions, according to The Economic Times.

“Export policy of biofuels is revised from free to restricted as per the national policy on biofuels 2018,” the Directorate General of Foreign Trade (DGFT) said in a notification to The Economic Times.

India exported ethyl alcohol worth $276.35 million in 2017-18 as against $224 million in the previous fiscal. Biodiesel and mixtures shipments rose to $5.36 million in the last financial years from $2.73 million in 2016-17.