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Govt hikes ethanol price by Rs 3 per litre, move to boost sugar industry

For the first time announces procurement price for ethanol produced from sugarcane juice, b-grade molasses

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By Sanjeeb MukherjeeAgencies New Delhi
In a move to ease the liquidity position of sugar mills which in turn might enable them to make faster payment to farmers, the government today increased the price of ethanol, used for doping in petrol, by almost Rs 3 per litre to Rs 43.70.

The increase will push up liquidity position of sugar mills by around Rs 5 billion in the next sugar season starting from October 2018 assuming that around 1.6 bn litres of ethanol will be required for 5 per cent blending in 2018-19, but also help in clearing sugarcane dues.

That apart, the Cabinet Committee on

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First Published: Jun 27 2018 | 11:52 PM IST

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