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The Union Cabinet on Wednesday cleared higher ex-mill price for ethanol produced from C-heavy molasses to Rs 57.97 from Rs 56.28 per litre
Ethanol Prices.
The Cabinet Committee on Economic Affairs on Wednesday cleared higher ex-mill price for ethanol produced from C-heavy molasses to Rs 57.97 from Rs 56.28 per litre, for the 2024-25 period ending October 31 this year, said Union Information & Broadcasting Minister Ashwini Vaishnaw.
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, Vaishnaw said the 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.
(With inputs from PTI)
