Govt to withdraw duties on import of used cooking oil

(MENAFN- KNN India) New Delhi, Feb 11 (KNN) The government is considering to withdraw duties imposed on import of used cooking oil to promote it as an alternate and cheap fuel for transportation, Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari said.

He was speaking in tlan event organised by ASSOCHAM in Delhi.

"I have requested Commerce and Industry Minister Nirmala Sitharaman to withdraw duties on import of fried oil which is often discarded as waste after being used once and is available in abundance across the world," said Gadkari

"If that oil comes in our country it will help in making bio-diesel and its cost is about Rs 3-4 per litre cheaper than petroleum diesel and when we will withdraw duties imposed on the same its price will come down by another Rs 6-7/litre," said Gadkari.

"The average is almost the same and it will help reduce pollution, so we are encouraging use of bio-diesel," he added.

Highlighting the importance of promoting low-cost housing across India, Mr Gadkari "The biggest stumbling block is that only about one per cent of people in India can purchase house costing above Rs 10 lakh, so if we are able to make houses worth less than Rs five lakh about 30 per cent of people would be able to buy those houses which will help us build smart cities and provide housing to poor," said the union minister. (KNN Bureau)