Govt revises ethanol price at Rs 40.85 per litre

The revised price will be applicable during ethanol supply period from December 1, 2017 to November 30, 2018

GN Bureau | November 2, 2017


#HPCL   #BPCL   #OSU   #Indian Oil  

The government has revised the price of ethanol at Rs 40.85 per litre under ethanol blended petrol (EBP) programme for supply to the public sector oil marketing companies—Indian oil corporation ltd (IOCL), Hindustan petroleum corporation limited (HPCL) and Bharat petroleum corporation limited (BPCL).

The revised price ethanol will be applicable for the forthcoming sugar season 2017-18. GST and transportation charges will also be levied additionally. The revised price will be applicable during ethanol supply period from December 1, 2017 to November 30, 2018.

It will facilitate the continued policy of the government in providing price stability and remunerative prices for ethanol suppliers. The move will also help reduce dependency on crude oil imports, saving in foreign exchange and benefits to the environment.

In order to augment the supply of ethanol, the government in December, 2014, decided to administer the price of ethanol under EBP programme and fixed the delivered price during ethanol supply year 2014-15 and 2015-16 at between Rs 48.50 to Rs 49.50 a litre including central/state government taxes and transportation charges. It improved significantly the supply of ethanol from 38 crore litres during ethanol supply year 2013-14 to 111 crore litres during 2015-16.

 

Comments

 

Other News

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

MDR on UPI: Can sustainability come without weakening the network?

The extraordinary transaction volumes and value (₹29.82 Lakh crore in August 2026 alone) of the Unified Payments Interface (UPI) have made it not only an Indian success story, but a global one. In 2024, UPI accounted for nearly 49% of the world’s real-time payment transaction volume, with more th

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter