Ethanol Price Hike: Ethanol used for blending in petrol becomes more expensive - check new rates here
The government has been implementing Ethanol Blended Petrol (EBP) Programme wherein OMCs sell petrol blended with ethanol up to 10 per cent.
Ethanol Price Hike: The Union Cabinet on Wednesday approved the hike in ethanol prices derived from various sugarcane-based raw materials under the ethanol blended petrol (EBP) programme for supply to oil marketing companies (OMCs) for ethanol supply year (ESY) 2022-23, an official statement said.
According to the official press release, “The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Shri Narendra Modi has approved higher ethanol price derived from different sugarcane based raw materials under the EBP Programme for the forthcoming sugar season 2022-23 during ESY 2022-23 from 1st December 2022 to 31st October 2023.”
Ethanol Price Revision
(i) The price of ethanol from C heavy molasses route be increased from Rs.46.66 per litre to Rs.49.41 per litre.
(ii) The price of ethanol from B heavy molasses route be increased from Rs.59.08 per litre to Rs.60.73 per litre.
(iii) The price of ethanol from sugarcane juice/sugar/sugar syrup route be increased from Rs.63.45 per litre to Rs.65.61 per litre.
(iv) Additionally, GST and transportation charges will also be payable.
All distilleries will be able to take benefit of the scheme and large number of them are expected to supply ethanol for the EBP programme, the release said.
It further added that the remunerative price to ethanol suppliers will help in early payment to cane farmers, in the process contributing to minimize difficulty of sugarcane farmers.
The government has been implementing Ethanol Blended Petrol (EBP) Programme wherein OMCs sell petrol blended with ethanol up to 10 per cent.
This programme has been extended to whole of India except Union Territories of Andaman Nicobar and Lakshadweep islands with effect from April 01, 2019, to promote the use of alternative and environment-friendly fuels.
The government has advanced the target of 20 per cent ethanol blending in petrol from earlier 2030 to ESY 2025-26. The target of achieving average 10 per cent blending has been achieved in June, 2022, much ahead of the target date of November, 2022.
It has taken many decisions for reduction of cane farmer's dues including diversion of sugar and sugar-based feedstock for production of ethanol.
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