India: Govt hikes ethanol procurement price for fuel blending
New Delhi, Sep 3 (PTI) The government on Tuesday announced an increase in the price of ethanol procured by public sector oil marketing companies for one year starting December.
The decision was taken by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi here.
The price of ethanol derived from C heavy molasses has been increased from Rs 43.46 a litre to Rs 43.75 per litre, and for B heavy molasses to Rs 54.27 per litre from Rs 52.43 earlier, an official release said.