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

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter