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India raises ethanol price by 3% to boost supply and move towards 20% blending in petrol by 2025-26.
The Indian government has increased the price of ethanol from C heavy molasses by 3%, setting it at Rs 57.97 per liter for the 2024-25 supply year.
This move aims to stabilize prices, incentivize suppliers, and reduce reliance on crude oil imports.
The government also seeks to achieve a 20% ethanol blending target in petrol by 2025-26, up from the current 14.6%.
The decision is part of efforts to boost the agriculture sector and promote environmentally friendly fuels, while saving foreign exchange.
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India aumenta el precio del etanol en un 3% para impulsar la oferta y avanzar hacia una mezcla del 20% en la gasolina para 2025-26.