Fuel retailers hike ethanol procurement prices by Rs 6.87: Oil ministry
India’s state fuel retailers have raised purchase prices for ethanol made from C-heavy molasses by 6.87 rupees per litre, the oil ministry said on Friday on social media platform X.
The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending with petrol. Ethanol makes um more than 10% of petrol sold in India is ethanol and the government aims to raise blending to 20% by 2025.
Earlier this year, the government directed sugar mills not to use cane juice or syrup to produce ethanol, as New Delhi tried to increase sugar supplies by curtailing ethanol output.
