Cabinet hikes ethanol prices, approves subsidy for non-urea fertilisers

The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity

The Union cabinet on Wednesday raised the prices of all three categories of ethanol that oil-marketing companies use for blending with petrol.
 

The rise is up to Rs 2.75 a litre and is for the 2022-23 supply season, which will start in December.
 

However, the sugar industry is of the view that a higher price of ethanol derived from sugarcane juice and syrup would have rekindled more investor interest.
 

The cabinet in a separate decision also approved a subsidy of around Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for the second half of 2022-23 as part of efforts