New Delhi: The government on Wednesday increased the prices ethanol Up to Rs 1.47 per liter is extracted from sugarcane for blending into petrol for the marketing year 2021-22 starting December, as part of the target of achieving 20 per cent doping by 2025.
More blending of ethanol in petrol will help India cut its oil import bill and will benefit sugarcane farmers as well as sugar mills.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has increased the price of ethanol extracted from sugarcane juice to Rs 63.45 per liter from the current Rs 62.65 per liter for the supply year beginning December 2021.
Information and Broadcasting Minister, the rate of ethanol from C-heavy molasses has been increased from Rs 45.69 per liter to Rs 46.66 per liter at present, and the rate of ethanol from B-heavy molasses from Rs 57.61 per liter to Rs 59.08 per litre. Has been. Anurag Thakur said in a media briefing.
oil marketing companies (OMCs) buy ethanol at a price fixed by the government.
Thakur said that ethanol blending with petrol has reached 8 per cent in the 2020-21 marketing year (December-November) and is expected to reach 10 per cent next year.
India plans to increase the mix to 20 per cent by 2025.
More blending of ethanol in petrol will help India cut its oil import bill and will benefit sugarcane farmers as well as sugar mills.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has increased the price of ethanol extracted from sugarcane juice to Rs 63.45 per liter from the current Rs 62.65 per liter for the supply year beginning December 2021.
Information and Broadcasting Minister, the rate of ethanol from C-heavy molasses has been increased from Rs 45.69 per liter to Rs 46.66 per liter at present, and the rate of ethanol from B-heavy molasses from Rs 57.61 per liter to Rs 59.08 per litre. Has been. Anurag Thakur said in a media briefing.
oil marketing companies (OMCs) buy ethanol at a price fixed by the government.
Thakur said that ethanol blending with petrol has reached 8 per cent in the 2020-21 marketing year (December-November) and is expected to reach 10 per cent next year.
India plans to increase the mix to 20 per cent by 2025.
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