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Encouraged by this progress, the government has set a target of reaching 20% blending by the end of 2025-26.The government sees the ethanol blending program as a key to meeting its green energy commitments and improving the financialhealthof sugar mills.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

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Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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