“,”elements”:[]}],”thumb_big”:”https://etimg.etb2bimg.com/thumb/msid-117678729,imgsize-34350,width-1200,height=765,overlay-etauto/industry/cabinet-likely-approves-hike-in-ethanol-prices.jpg”,”thumb_small”:”https://etimg.etb2bimg.com/thumb/img-size-34350/117678729.cms?width=150&height=112″,”time”:”2025-01-29 14:18:56″,”is_live”:false,”prime_id”:0,”highlights”:[],”highlights_html”:””,”also_read_available”:false,”body”:”
Set by the government, ethanol prices have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73 and INR 56.28 per litre, respectively.“>
The Union Cabinet has approved the proposal to hike ethanol prices, ET Now reported citing sources Wednesday. Details of the proposal are yet to be known.
Set by the government, ethanol prices have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73 and INR 56.28 per litre, respectively.
Shares of sugar and ethanol-linked company stocks rallied, with EID-Parry, Shree Renuka Sugars, Balrampur Chini Mills and Triveni Engineering gaining 3.7%, 4.5%, 2.5% and 2.3% as of 1:10 pm on BSE Sensex, which was up 0.62%.
In the 2024-25 ethanol supply cycle, oil marketing companies have allocated only 837 crore litres of ethanol from the sugar industry, despite an offer of 970 crore litres. This has resulted in 79 crore litres remaining unallocated, raising concerns from the Indian Sugar and Bio-energy Manufacturers’ Association (ISMA) about potential under-utilisation of capacity and subsequent financial losses for the industry.
Currently, India blends ethanol into 13% of its petrol supply, which amounted to approximately 550 crore litres used for fuel by August. The government aims to increase this ethanol blending target to 20% by 2025.
“,”next_sibling”:[{“msid”:117678224,”title”:”General Motors swings to fourth quarter loss on charges related to China, but tops expectations”,”entity_type”:”ARTICLE”,”link”:”/news/industry/general-motors-swings-to-fourth-quarter-loss-on-charges-related-to-china-but-tops-expectations/117678224″,”link_next_mobile”:”/news/industry/general-motors-swings-to-fourth-quarter-loss-on-charges-related-to-china-but-tops-expectations/117678224?next=1″,”category_name”:null,”category_name_seo”:”industry”}],”related_content”:[{“msid”:”117675583″,”title”:”ethanol”,”entity_type”:”IMAGES”,”seopath”:”news/economy/policy/cabinet-likely-approves-hike-in-ethanol-prices-sugar-stocks-rally/ethanol”,”category_name”:”Cabinet approves hike in ethanol prices; sugar stocks rally”,”synopsis”:”Representative image.”,”thumb”:”https://etimg.etb2bimg.com/thumb/img-size-22888/117675583.cms?width=150&height=112″,”link”:”https://etimg.etb2bimg.com/photo/117675583.cms?/117675583″}],”seoschemas”:false,”social_share”:{“fb”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=facebook&utm_medium={{DEVICE_TYPE}}”,”x”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=twitter&utm_medium={{DEVICE_TYPE}}”,”whatsapp”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=wapp&utm_medium={{DEVICE_TYPE}}”,”linkdin”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}”,”telegram”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=telegram&utm_medium={{DEVICE_TYPE}}”,”copy”:”/news/industry/cabinet-likely-approves-hike-in-ethanol-prices/117678729?utm_source=copy&utm_medium={{DEVICE_TYPE}}”},”cat_msid”:25384693,”cat_sub_msid”:false,”msid”:117678729,”entity_type”:”ARTICLE”,”title”:”Cabinet likely approves hike in ethanol prices”,”synopsis”:”The Union Cabinet has approved a proposal to increase ethanol prices, which have not been raised since the 2022-23 ethanol supply year. Current ethanol rates from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73, and INR 56.28 per litre.”,”titleseo”:”industry/cabinet-likely-approves-hike-in-ethanol-prices”,”status”:”ACTIVE”,”authors”:[],”Alttitle”:{“minfo”:””},”artag”:”ET Online”,”artdate”:”2025-01-29 14:18:56″,”lastupd”:”2025-01-29 14:21:51″,”breadcrumbTags”:[“ethanol news”,”shree renuka sugars”,”balrampur chini mills”,”ethanol price”,”ethanol price hike”,”EID-Parry”,”Balrampur Chini Mills”,”union cabinet”,”ethanol blending target 2025″,”ethanol production”,”manufacturers association”],”secinfo”:{“seolocation”:”industry/cabinet-likely-approves-hike-in-ethanol-prices”}}” data-authors=”[” data-author-list data-category-name=”Industry” data-category_id=”23″ data-cat_msid=”25384693″ data-date=”2025-01-29″ data-index=”article_1″ data-keywords=”ethanol news, shree renuka sugars, balrampur chini mills, ethanol price, ethanol price hike, EID-Parry, Balrampur Chini Mills, union cabinet, ethanol blending target 2025, ethanol production, manufacturers association” data-type=”news”>
The Union Cabinet has approved a proposal to increase ethanol prices, which have not been raised since the 2022-23 ethanol supply year. Current ethanol rates from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73, and INR 56.28 per litre.
- Updated On Jan 29, 2025 at 02:21 PM IST
Set by the government, ethanol prices have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73 and INR 56.28 per litre, respectively.“>
The Union Cabinet has approved the proposal to hike ethanol prices, ET Now reported citing sources Wednesday. Details of the proposal are yet to be known.Set by the government, ethanol prices have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73 and INR 56.28 per litre, respectively.Shares of sugar and ethanol-linked company stocks rallied, with EID-Parry, Shree Renuka Sugars, Balrampur Chini Mills and Triveni Engineering gaining 3.7%, 4.5%, 2.5% and 2.3% as of 1:10 pm on BSE Sensex, which was up 0.62%.In the 2024-25 ethanol supply cycle, oil marketing companies have allocated only 837 crore litres of ethanol from the sugar industry, despite an offer of 970 crore litres. This has resulted in 79 crore litres remaining unallocated, raising concerns from the Indian Sugar and Bio-energy Manufacturers’ Association (ISMA) about potential under-utilisation of capacity and subsequent financial losses for the industry. Currently, India blends ethanol into 13% of its petrol supply, which amounted to approximately 550 crore litres used for fuel by August. The government aims to increase this ethanol blending target to 20% by 2025.
- Published On Jan 29, 2025 at 02:18 PM IST
Join the community of 2M+ industry professionals
Subscribe to our newsletter to get latest insights & analysis.
