New Delhi, Jan. 29 -- Union Cabinet, chaired by Prime Minister Narendra Modi, has raised the price of molasses-made ethanol for the current marketing season. Molasses are widely used in ethanol blending in petrol.

The government has approved the revision of ethanol procurement price for Public Sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25 starting from November 1, 2024, to October 31, 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) has been raised to Rs 57.97 per litre from Rs 56.58 per litre.

The government said that the price approval will not only facilitate the continued policy f...