Petroleum Minister Announces Revision of Ethanol Procurement

Posted on January 30, 2025 5:33 pm by Energy Today

Union Petroleum and Natural Gas Minister Hardeep Puri announced on social media site X that the Union Cabinet has approved the revision of Ethanol Procurement Price for Ethanol Supply Year (ESY) 2024-25 under the Ethanol Blended Petrol (EBP) programme.

Mr. Puri announced the new prices for procurement. The prices announced are:

C-heavy molasses: ₹ 57.97 per litre

B-heavy molasses: ₹ 60.73 per litre

Sugarcane juice/sugar/sugar syrup: ₹ 65.61 per liter

Mr. Puri stated that the 3% increase in CHM ethanol prices will ensure adequate availability of ethanol to meet the increased blending target.

Mr. Puri said ethanol is not only strengthening the country’s economy, but it also saves foreign currency, increases farmers’ income and is an environment-friendly fuel.

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