New Delhi, Jan 29 (UNI) The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi on Wednesday approved revision of ethanol procurement price for public sector oil marketing companies (OMCs) for the ethanol supply year (ESY) 2024-25 starting from 1st November, 2024 to 31st October 2025 under the Ethanol Blended Petrol (EBP) Programme.
Accordingly, the administered ex-mill price of ethanol for the EBP Programme derived from C Heavy Molasses (CHM) for the ethanol supply year 2024-25 has been fixed at Rs 57.97 per litre from Rs 56.58 per litre.
"The approval will not only facilitate the continued policy for the Government in providing price stability and remunerative prices for ethanol suppliers but will also help in reducing dependency on crude oil imports, savings in foreign exchange and bring benefits to the environment.