Which of the following initiatives launched by India to reduce oil imports? 1. Strategic Petroleum Reserves Programme 2. Ethanol Blended Petrol Programme 3. National Policy on Biofuel Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: C

Notes:

Explanation: India’s Initiative for reducing oil imports:

Strategic Petroleum Reserves Programme (SPRs): to maintain energy security and to mitigate supply disruptions E.g. Chandikhol (Odisha), Padur (Karnataka)
Ethanol Blended Petrol (EBP) Programme: to reduce import dependence on fuel
National Policy on Biofuel (2018): target of 20% blending of bioethanol in petrol by 2025-26
Discovered Small Field (DSF) Policy: to monetizing hydrocarbon resources
Reforms in Hydrocarbon Exploration and Licensing Policy: for enhancing domestic exploration and production of Oil & Gas
Functional freedom to National Oil Companies and promotion of private sector participation: by streamlining approval processes through electronic single window mechanism

Source: FORUMIAS