India’s ambitious gasoline-ethanol blending plan has price, supply woes to overcome

Surging crude prices have prompted India to set an ambitious goal of achieving 20% ethanol blending in gasoline, a move analysts said could help to cut the ballooning oil import bill, although ensuring plentiful availability of the biofuel at viable prices would be a key challenge. The recent pledge by New Delhi to advance the 20% blending target — 20%…