Indian gov't to re-set ethanol price by month end

In India, the government says that it is preparing to release the final price at which oil companies must buy ethanol from sugar mills with the decision going to cabinet by the end of November.

The temporary price of about 50 cents per liter has been criticized by industry as being too low. So far this year 600 million liters of ethanol have been ordered by oil companies to satisfy the E5 blending program and the government hopes to raise that to E10 next year.

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Tags: ethanol, India

Category: Policy