Government may hike ethanol price

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To strengthen the financial condition of sugar mills and cut oil imports, the Government is emphasising on ethanol production. Sugar mills in India are struggling with surplus sugar, therefore, the government want them to focus toward ethanol production. According to the media report, to encourage for the same, the Centre is all set to increase the procurement price of all three categories of ethanol produced from different sources by between Rs 2.50-3.0 per litre for the 2020-21 season. Cabinet Committee on Economic Affairs (CCEA) will take a decision on this soon.

Earlier, Centre had urged the mills for diversion of excess sugarcane and sugar for the production of fuel Ethanol as a long term solution for addressing the problem of excess sugar stock.

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