Excise Duty Exemption Boosts Biogas Blending in India
Reflecting India’s efforts to transition away from fossil fuels and reduce its dependence on imported natural gas, the Union Budget 2026-27 proposes to exempt central excise duty on the value of biogas or compressed biogas (CBG) contained in blended compressed natural gas (CNG). The move is intended to improve offtake of blended CNG by correcting…