Oil refineries would need to invest Rs 40,000 crore in upgrading the quality of their fuel, while automobile companies would have to spend Rs 25,000 crore by 2010 to meet automobile emission norms, Union Petroleum and Natural Gas Minister Ram Naik today said at a press conference to announce the National Auto Fuel Policy.
The policy lays down a broad roadmap for achieving various automobile emission standards over a period of time and corresponding fuel quality upgradation requirements.
