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Using renewable energy sources can make the use of EVS more eco-friendly. The electricity cost can be reduced further if charging is done with the help of renewable energy sources such as solar panels.

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"IOCL is planning to monetise two of its hydrogen generation units this year. To begin with, it will sell 100% stake in the 70,000 tonnes per annum hydrogen generating unit at the Gujarat refinery," said an official.

According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG.

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