Indian refiners need to invest $4.5B to produce Euro VI fuels by 2020
1/7/2016 12:00:00 AM
Indian refiners need to invest 300 billion rupees ($4.5 billion) to produce fuels in compliance with new Euro VI rules, the nation's road transport minister said this week.
Nitin Gadkari delivered the projection, which was captured by news agency Reuters.
India has advanced the date for nationwide implementation of Euro VI fuels by four years to April 1, 2020, in an effort to curb pollution, according to the report.
Pollution levels in Indian cities have often been compared to China's Beijing. A 2014 study from the World Health Organization said India's capital city of New Delhi had the worst air quality out of 1,600 cities surveyed worldwide.
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