Sugar stocks, Ethanol price hike news: The price revision is being considered on priority to incentivise production and meet our blending goals, reports said
The industry has sought 5 per cent GST on flex-fuel two-wheelers and a price guarantee on fuel for flex-fuel vehicles
These projects are expected to add to the additional capacity of about 35 crore litres
Use of 10% ethanol-blended petrol has led to a saving of over Rs 41,000 cr in the foreign exchange for the country, minister of state for environment, forest and climate change Choubey said .
E20 is petrol blended with extent to 20% ethanol
The government on Wednesday hiked the price of ethanol extracted from sugarcane for blending in petrol by up to Rs 1.47 per litre for 2021-22 marketing year starting December
For the 2019-20 sugar season, government had fixed a target of producing 2.60 billion litres of ethanol.
BJP president JP Nadda welcomed the decisions of Prime Minister Narendra Modi-led Cabinet to approve the mechanism for procurement of ethanol by public sector oil marketing companies (OMCs)
For the first time announces procurement price for ethanol produced from sugarcane juice, b-grade molasses
Oil Minister Dharmendra Pradhan said govt will move towards market dynamic pricing system