But in these competitive times, neither can it be expected that every eatery practices healthy means unmindful of profit margins, nor can it be expected that a large number of people avoid eating outside.
Entrepreneurs setting up Biodiesel plants get remunerative price and assurance of complete offtake of production by the Oil companies.
The state-run fuel retailers Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp will collect used cooking oil from hotels, restaurants and canteens across 100 cities
Oil companies will pay Rs 51/ litre for Biodiesel for the first year, Rs 52.7 for the second year and Rs 54.5 for the third year
The Oil companies will also bear the cost of transportation and GST for the first year
As reported in the Live Mint, India uses 27 billion liters of cooking oil each year, of which 1.4 billion liters can produce 1.1 billion liters of biodiesel.
