Explanation:

Indian Oil Corporation (IOC) launched M15 petrol on a pilot basis in Assam’s Tinsukia district. It has a 15 per cent blend of methanol with petrol.
Methanol is being manufactured by Assam Petrochemical Ltd near the Digboi refinery. The government had earlier extended the timeline for the disbursement of loans and completion of projects related to ethanol. The Government also provides financial assistance in the form of interest subvention.