Ethanol Price Hike: Govt Raises C Heavy Molasses Ethanol Price
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.
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.10 (+ 18.94)
- 352105814
- GTL Infrastructure
- 1.50 (+ 7.14)
- 20982285
- G G Engineering
- 0.90 (+ 11.11)
- 20091512
- AvanceTechnologies
- 0.54 ( -8.47)
- 18780688
- YES Bank Ltd.
- 17.33 (+ 2.61)
- 14468025
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback