Centre Hikes Price Of Ethanol Used For Blending In Petrol
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved a hike in the cost of ethanol procured by the public sector oil marketing companies (OMCs) from distilleries.The price of ethanol from C-heavy molasses has been increased from ₹46.66 to ₹49.41 per litre, the government said in a release. The price of ethanol from B-heavy molasses has been hiked from Rs.59.08 per litre to Rs.60.73 per litre.
The price of ethanol from sugarcane juice/sugar/sugar syrup has been raised from ₹63.45 to ₹65.61 per litre, the release said. Additionally, GST and transportation charges will also be payable, it added.
“The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved higher ethanol price derived from different sugarcane based raw materials under the EBP (Ethanol Blended Petrol) programme for the forthcoming sugar season 2022-23 during ESY 2022-23 from 1 December 2022 to 31 October, 2023," said an official release.