Oil-marketing companies raise prices of ethanol from maize, damaged food

New price applicable for the remaining 3 months of 2022-23 supply year

With Food Corporation of India (FCI) stopping the supply of concessional rice for blending with ethanol, oil-marketing companies (OMCs) have decided to increase the price of ethanol produced from damaged foodgrain (DFG) by Rs 4.75 per litre and that from maize by Rs 6.01 per litre for the remaining period of the 2022-23 ethanol supply year, which will end in October.

This will give relief to grain-based ethanol manufacturers, which were facing a crisis owing to the sudden cessation of concessional rice from FCI and were reluctant to opt for DFG or maize due to their low purchase price compared to