New Delhi, Jan. 30 -- The Cabinet's committee on economic affairs chaired by Prime Minister Narendra Modi on Wednesday cleared an increase in the price of ethanol, a by-product of sugar, which state-run petrol retailers buy from millers, a move that will aid the country's fuel-blending programme and ensure higher prices for farmers to cover increased cultivation costs.
The Modi government's fuel-blending programme aims to reduce dependence of the world's third-largest oil importer on overseas petroleum purchases.
The administered, or federally set, price of ethanol derived from C heavy molasses, a by-product of cane crushing, for the ethanol supply year 2024-25 (November 1, 2024 to October 31st 2025) has been fixed at Rs.57.97 per litre, ...