The government is considering a proposal to raise ethanol prices for the season starting in November 2024 while also advocating for the diversification of feedstocks, aiming to meet the 20 percent blending target by 2025-26, reported PTI.
A committee chaired by a joint secretary from the petroleum ministry has already discussed the proposal. The adjustment of ethanol prices will be based on the fair and remunerative price of sugarcane, they added.
According to the news report by PTI, a source said, speaking on condition of anonymity said, “The price revision is being prioritized to encourage production and achieve our blending targets,”
Currently, ethanol produced from cane juice is priced at Rs 65.61 per litre, while ethanol from B-Heavy and C-Heavy molasses is priced at Rs 60.73 and Rs 56.28 per litre, respectively.
As per report, the government views the ethanol blending program as crucial for meeting its green energy commitments and enhancing the financial stability of sugar mills.
The committee is specifically evaluating the revision of prices for ethanol derived from sugarcane.
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