India panel calls for 58-cent per liter ethanol price

In India, the expert panel set up to devise the government-regulated purchase price for ethanol has suggested making permanent the interim price of INR27—or 58 cents per liter. The final decision will now be made by an executive group of ministers or the cabinet.

It had suggested three criteria for consideration: first, landed price of ethanol from Brazil, which is at present INR31 per liter at port; second, the price of conversion of rectified spirit to ethanol, which works out to INR29 per liter; and third, a rate based on the price petrol — the refinery gate price for petrol is in the range of INR30 to INR32 per liter.

More on the story.