Oil marketing firms increase ethanol procurement price
Hindustan Times|December 30, 2023
Oil marketing companies (OMCs) increased ethanol procurement prices by 26.87 per litre for the rest of the 2023-24 supply season, marking the highest rise in over five years.
Puja Das Rituraj Baruah
Oil marketing firms increase ethanol procurement price

The oil ministry announced the hike on Friday, setting the new price at 56.28 per litre, up from the previous season's 49.41. The aim is to boost ethanol production for blending with petrol. Ethanol blending capacity reached nearly 12% in 2022-23 ethanol supply year in India (which started in November), with the government targeting 20% blending by 2025.

India is among the world's largest importers of crude oil.

この記事は Hindustan Times の December 30, 2023 版に掲載されています。

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