Cabinet hikes ethanol prices by up to Rs 2.5/litre effective December 1
The approval will not only facilitate the continued policy of the government in providing price stability and remunerative prices for ethanol suppliers, but will also help in reducing the pending arrears of cane farmers, dependency on crude oil imports and will also help in savings in foreign exchange and bring benefits to the environment.
Cabinet approves mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol program. Image source: PIB