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Nitin Gadkari wants cars to run on biodiesel to reduce oil bill load.

Union transport minister Nitin Gadkari Friday pushed for greater usage of biofuels to reduce India’s annual oil import bill of Rs 7 lakh crore, putting the onus on local car makers to make more vehicles that can run on fossil-fuel substitutes. The minister’s exhortation comes a day after the GST Council recommended reducing the producer levy on biofuels to 12% from 18%, a move seen to simultaneously support the farm sector and use the cash saved on oil imports to help achieve New Delhi’s social-sector objectives. “It is part of my conviction. We are importing crude oil worth Rs 7 lakh crore,” Gadkari told top banking and capital-markets experts during a discussion at the ET Markets Pre-Budget Meet in Mumbai on Friday. “We don’t need a timeframe. This is going to happen regardless of whether our auto industry likes it or not. They have to accept it.”