OMCs hike procurement price of ethanol produced from maize by Rs 5.79/ltr
In a boost to the ethanol blending programme which has been strutting following the decision to stop production from sugarcane juice, the oil marketing companies (OMCs) announced a Rs 5.79 per litre increase to Rs 71.86 a litre in procurement price of ethanol produced from maize for the 2023-24 supply year that started in November.
This would make the procurement price of ethanol produced from maize as among the highest in all the sources through which the fuel is produced in India. Ethanol is produced in India from either sugarcane based molasses or grain based sources as feedstock.
