Soon, you will be able to run your car on the fuel produced by converting waste plastic.
India’s GAIL is pursuing a project on “conversion of waste plastic to petrol, diesel/LPG” for which lab-scale studies and bench-scale studies have been carried out, informed Oil Minister Dharmendra Pradhan.
GAIL in collaboration with Indian Institute of Petroleum (IIP), Dehradun has developed the catalyst and a two-stage process for conversion of waste plastics to diesel, petrol, LPG and Aromatics.
The Basic Design and Engineering Package was prepared in 2013-14 for setting up of pilot plant. However, options for setting up of the pilot plant are presently being explored.
The economics of cost saving shall be known only after the process conditions are established in the pilot plant, Pradhan said.
Domestic petrol prices, which had hit record levels for 16 consecutive days in May, have been on the reverse trend for the last 13 days, including Monday, but the relief for consumers has been slow in coming.
The pace of decline has been less than half the rate of surge.
Percentage-wise, since May 30, when prices started to take a downturn, petrol prices have slipped 2.35 per cent in Delhi, compared to the 5.5 per cent in the previous 16 days.
In absolute terms, prices have gone down by Rs 1.85 a litre since May 30, compared to the increase of Rs 3.8 per litre in the during May 14-29. On Monday, fuel was sold at Rs 76.58 per litre in the national capital, down 20 paise from Sunday’s level, the IndianOil Corp’s website showed.
In Mumbai, where petrol prices were the highest in the country last month, the decline has been much slow at Rs 1.23 per litre so far, against the rise of Rs 3.76 a litre during May 14-29.
On Monday, petrol price in Mumbai was Rs 84.41 per litre against Rs 84.61 on Sunday. Similarly, in Kolkata and Chennai, the fuel was sold at Rs 79.25 and Rs 79.48 respectively.
In Kolkata and Chennai too, the decline has been Rs 1.81 and Rs 1.65 per litre in the last 13 days, around 50 per cent of the previous rate of increase.
In tandem with petrol prices, diesel too has seen a decline, but of only around 2 per cent in all the major cities including Delhi, compared to over 5 per cent rise in the previous fortnight.
Both in Delhi and Kolkata, diesel prices in the last 13 days have declined by Rs 1.36, and in Mumbai and Kolkata, the fall was of Rs 1.44 and Rs 1.45 per litre respectively.