It has been done under the Ethanol Blended Petrol (EBP) Programme for the Ethanol Supply Year (ESY) 2024-25 (November, 2024- October, 2025)
- As per the revision, the administered ex-mill price of ethanol derived from C Heavy Molasses (CHM) is fixed at Rs.57.97 per litre from Rs.56.58.
Significance of the Price Revision
- Offer price stability and remunerative prices for ethanol suppliers and sugarcane farmers.
- Environmental benefits and assures sufficient ethanol availability for meeting blending target.
Ethanol Blended Programme (EBP)
- About: Requires OMCs to sell petrol blended with ethanol up to 20%.
- Ministry: Ministry of Petroleum and Natural Gas.
- Objective: Promote the use of alternative and environment friendly fuels and reduce import dependence, boost agriculture sector, etc.
- Revised Target: Target of 20% ethanol blending in petrol was revised to 2025-26 from previous 2030.
Key Achievements of EBP
- Saving Foreign Exchange: Approximately, 1.13 lakh crore saved during the last decade (as on 31.12.2024).
- Increased Blending by OMCs: From 38 crore litre in ESY, 2013-14 to 707crore litre with an average blending of 14.60%in ESY 2023-24.
Other Initiatives taken for Promotion of Biofuels
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