Ethanol Price Surge: Cabinet Boosts Ethanol Economy

The Union Cabinet approved an increase in the ex-mill price for ethanol derived from C heavy molasses to Rs 57.97 per litre for 2024-25. Prices for ethanol from B heavy molasses and sugarcane juice remain unchanged. The government aims for 20% ethanol blending by 2025-26.

The Union Cabinet has sanctioned an upward revision in the ex-mill price of ethanol, extracted from C heavy molasses, setting it at Rs 57.97 per litre for the 2024-25 financial cycle.

The pricing for ethanol produced from B heavy molasses and sugarcane juice stays consistent, at Rs 60.73 and Rs 65.61 per litre, respectively.

As part of a broader government strategy, the ethanol blending target in petrol has been accelerated to 20% by the 2025-26 period, a significant shift ahead of the original 2030 timeline.

(With inputs from agencies.)