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Politics

Cabinet approves revised price of ethanol under EBP for the Public Sector Oil Marketing Companies

Parijat Tripathi

• Last Updated: November 1, 2017, 2:22 PM

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has approved the revision in the price of ethanol under Ethanol Blended Petrol (EBP) Programme for supply to the Public Sector Oil Marketing Companies. The revised price of ethanol would be fixed at Rs.40.85/- per litre under EBP and will be applicable for the forthcoming sugar season 2017-18. GST and transportation charges will also be payable additionally. The revised price will be applicable during ethanol supply period from 1st December 2017 to 30th November, 2018.

The approval will facilitate the continued policy of the Government in providing price stability and remunerative prices for ethanol suppliers. It will also help in reducing dependency on crude oil imports, saving in foreign exchange and benefits to the environment.