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CCEA decides to cut ethanol prices for petrol blending from Dec 1

Prices will drop to Rs 39 per litre from the current level of Rs 48.50-49.50 per litre

Shine Jacob  |  New Delhi 

The Cabinet Committee on Economic Affairs (CCEA) on Thursday cleared a proposal to come up with a new mechanism for revision of ethanol prices for supply to public sector oil marketing companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) programme. Through this, the price of ethanol for blending will be cut to Rs 39 per litre, excluding taxes, from December 1.

The current level of prices, inclusive of taxes, is Rs 48.50-49.50 per litre. OMCs have already delayed in floating expression of interests to invite producers to commit supplies of ethanol for the period, between ...

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First Published: Thu, October 13 2016. 15:35 IST
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