India is launching on Friday a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program of the world's third-largest crude importer to reduce dependence on imported oil. The E85 fuel was officially launched at a ceremony in New Delhi in the presence of India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri. On Thursday, Puri launched India's first flex-fuel passenger vehicle by Maruti Suzuki in New Delhi.