Union Cabinet hikes ethanol prices by Rs 3 per litre
The move will "encourage investment" in the sector which will also bring down imports of petroleum products, Piyush Goyal said, adding "We were keen to create more holistic framework in which pricing of ethanol over longer period can be given some stability and credibility. So we can encourage some investment in the ethanol production space."
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a mechanism for procurement of ethanol by OMCs and hiked ex-mill price for ethanol derived out of `C` heavy molasses by Rs 3 to Rs 43.70 per litre. Image source: IANS