Ethanol Price Hike: Govt Raises C Heavy Molasses Ethanol Price
By Rediff Money Desk, New Delhi Jan 29, 2025 15:25
India's government has raised the ex-mill price of ethanol produced from C heavy molasses by Rs 1.69 per litre for the 2024-25 period. The decision aims to boost ethanol production and accelerate the blending program.
![Ethanol Price Hike: Govt Raises C Heavy Molasses Ethanol Price](https://im.rediff.com/money/2023/aug/28sugar.jpg?fr=money)
Photograph: Eric Gaillard/Reuters
New Delhi, Jan 29 (PTI) Union Cabinet on Wednesday approved higher ex-mill price for ethanol derived from C heavy molasses by Rs 1.69 to Rs 57.97 per litre for the 2024-25 period ending October 31 this year.
The prices for ethanol produced from B heavy molasses and from sugarcane juice/ sugar/ sugar syrup were left unchanged at Rs 60.73 per litre and Rs 65.61 per litre, respectively.
Announcing the decision taken by the Cabinet Committee on Economic Affairs, I&B Minister Ashwini Vaishnaw informed that revision of ethanol procurement price for public sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25 has been approved.
The government has also advanced the target of 20 per cent ethanol blending in petrol to ethanol year 2025-26 from earlier target of 2030.
"As a step in this direction, OMCs plan to achieve 18 per cent blending during the ongoing ESY 2024-25," an official release said.
The prices for ethanol produced from B heavy molasses and from sugarcane juice/ sugar/ sugar syrup were left unchanged at Rs 60.73 per litre and Rs 65.61 per litre, respectively.
Announcing the decision taken by the Cabinet Committee on Economic Affairs, I&B Minister Ashwini Vaishnaw informed that revision of ethanol procurement price for public sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25 has been approved.
The government has also advanced the target of 20 per cent ethanol blending in petrol to ethanol year 2025-26 from earlier target of 2030.
"As a step in this direction, OMCs plan to achieve 18 per cent blending during the ongoing ESY 2024-25," an official release said.
Source: PTI
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