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Ethanol blending falters on pricing issue

Almost four years after the government had mandated that ethanol should be blended in a 5 per cent proportion with petrol to be sold in the country, the programme has met with only 58 per cent success so far mainly due to pricing issue. Consider this: The three oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) — have, till April 2009, procured 5,39,352 kilo litres (kl) of ethanol against orders for delivery of 1,286,477 kl. These companies had signed contracts to procure a total quantum of ...