India, July 18 -- The rollout and adoption of E20 fuel, petrol blended with 20 per cent ethanol, has ignited a widespread debate across India, drawing reactions from several prominent figures.

MK Surana, former Chairman and Managing Director of Hindustan Petroleum Corporation Limited (HPCL), has reportedly clarified about the pricing of ethanol-blended fuel.

According to a report by CNBC TV18, Surana during a panel discussion dismissed the "myth" that ethanol blending would lower fuel prices.

He emphasised that while the price of ethanol ranges between Rs.56.71 and approximately Rs.71 per litre, the ex-refinery price of petrol stands at around Rs.53 per litre.

"As far as the oil marketing companies are concerned, the answer is no, bec...