The Cabinet Committee on Economic Affairs, CCEA approved Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol Programme.
About:
Earlier, there used to be one rate for ethanol but now there will be different prices.
The new Price fixed for Ethanol produced from sugar will be Rs. 62.65 per litre, ethanol manufactured from B heavy molasses will be Rs. 57.61 per litre and ethanol manufactured from C heavy molasses will be Rs. 45.69 per litre.
Additionally GST and transportation charges will also be payable.
Oil Marketing Companies have been advised to fix realistic transportation charges so that long distance transportation of ethanol is not disincentivised.
To offer fair opportunity to the localized industry within the State, Oil Marketing Companies shall decide the criteria for priority of ethanol from various sources taking in account various factors like cost of transportation, availability, etc.
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