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.

 

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