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Title: New fuel-efficiency norms to be delayed
Source:Business Standard
Date:9 January 2014

India will continue to trail the EU (European Union) in vehicle emission norms as the government is likely to miss its target of launching the BS-V (Bharat Stage-V) type fuel by 2015.Tagged as a superior and cleaner fuel than the BS-IV, currently is in use in the national capital region and 30 cities across the country, BS-V will not be launched commercially before 2017.India is served by BS-IV fuel in cities such as Mumbai, Chennai, Delhi and BS-III fuel in the rest of the country. While EU had adopted Euro-V in 2009, the road map for a similar upgrade by India looks set to get delayed. Oil companies have not been able to meet the target because of the heavy investment required for a technology upgrade. Oil firms invested Rs 30,000 crore between 2005 and 2010 towards upgrade for supplying BS-IV fuel. According to estimates by the ministry of petroleum and natural gas, oil companies will have to shell out Rs 80,000 crore more to move to BS-V.




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