The government on Wednesday hiked the price of ethanol extracted from sugarcane for blending in petrol by up to Rs 1.47 per litre for 2021-22 marketing year starting December, as part of its target to achieve 20 per cent doping by 2025.
A higher blending of ethanol in petrol will help cut India’s oil import bill and also benefit sugar cane farmers as well as sugar mills.
The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, gave its approval for fixing a higher price for ethanol derived from different sugarcane-based raw materials under the Ethanol Blended Petrol (EBP) Programme for Ethanol Supply Year (ESY) 2021-22 starting next month.
