The revised price will be applicable during ethanol supply period from December 1, 2017 to November 30, 2018
GN Bureau | November 2, 2017
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.
By Sudhir Chaturvedi, Executive Board Member & President- Markets, LTIMindtree Corporate governance has always been a critical issue for businesses in India. As part of its ongoing digitalization drive, the Ministry of Corporate Affairs (MCA) recently launched the latest
Life is slowly limping back to normalcy in Bahanaga, a block headquarters town in Odisha’s Balasore district that witnessed one of the deadliest rail disasters of the century. Train operations have resumed as the Central Bureau of Investigation (CBI) has begun the probe into the accident that claimed
The Essential U. R. Ananthamurthy Edited by N. Manu Chakravarthy and Chandan Gowda Aleph Books, Rs 899, 312 pages
Early Bird and the Rainmatter Foundation have announced five bird walks, led by naturalists, across India on June 10. The walks, to be held in Agartala, Dehradun, Mysore, Panjim, and Tirupati early in the morning, are part of the Rainmatter Foundation’s Walking Lightly campaign, being observed throug
The Ministry of Environment, Forest and Climate Change, Government of India organized the World Environment Day on Monday with a thrust on Mission LiFE. The concept of LiFE, i.e., Lifestyle for Environment was introduced by prime minister Narendra Modi at the World Leaders` Summit in Glasgow at COP26, when
Green Banking is an initiative taken by the banks to promote environment-friendly practices and reduce carbon footprint of their activities. Green financing (a part of ‘Green Banking’) is a broad term that can refer to a financial investment flowing into sustainable development projects and ini