A higher blending of ethanol in petrol will help India cut its oil import bill and will benefit sugarcane farmers as well as sugar mills.
The government on Wednesday raised the price of ethanol derived from sugarcane-based raw materials Ethanol Blended Petrol (EBP) programme by up to Rs 1.47 per liter for the marketing year 2021-22, starting December.
A higher blending of ethanol in petrol will help India cut its oil import bill and will benefit sugarcane farmers as well as sugar mills. It will facilitate setting up advanced biofuel refineries in the country.
According to a statement issued by the Cabinet Committee on Economic Affairs (CCEA), the price of ethanol from the C heavy molasses route has been increased from Rs 45.69 per litre to Rs 46.66 per litre. The price of ethanol from the B heavy molasses route has been increased from Rs 57.61 per litre to Rs 59.08 per litre.
#Cabinet approves higher ethanol price derived from different sugarcane-based raw materials under the Ethanol Blended Petrol Programme for sugar season 2020-21 #CabinetDecisions pic.twitter.com/iusX0eOpVe
