Grain-based ethanol manufacturers have approached Prime Minister Narendra Modi and the Ministry of Petroleum and Natural Gas, urging them to promptly direct oil-marketing companies (OMCs) to raise the procurement price of ethanol produced from damaged foodgrain (DFG) and maize to Rs 69.54 per litre and Rs 76.8 per litre for Ethanol Supply Year (ESY) 2023–24, which began in November. This move aims to ensure the viability of consistent supplies.
In ESY 2022–23, the procurement price of ethanol produced from DFG, as fixed by OMCs, was Rs 64 per litre, and for maize, it was Rs 66.07 per litre. The demand to increase the procurement price also arises as ethanol from grain-based sources must primarily come from DFG and maize following
Also Read
Centre extends deadline for ethanol projects by six months to Sept 30
What is the Black Sea grain deal that is at risk of falling apart?
We will bring vehicles that will run 100% on ethanol soon: Nitin Gadkari
G20 Summit: Global Biofuels Alliance to act as a counter to Opec, says Puri
FCI stops rice supply for ethanol production amid concerns over crop
India Inc's capital expenditure growth slips in first half of FY24
'Made in India' label on steel products to boost brand India: Scindia
Robust urban consumption likely to propel India's GDP growth in Q2
Banks focusing on client acquisition, less on grievance redress: RBI's Rao
NBFCs, small finance banks need to curb over-enthusiasm to lend: FM