India cuts GST on ethanol for blending to 5%

In India, the Chemical Industry Digest reports India has cut its Goods and Services Tax on ethanol for blending with gasoline to 5% from the previous 18% in an effort to further facilitate blending and achieve the government´s 20% blending target faster. The cabinet committee for economic affairs increased the price paid for ethanol at its November meeting to further promote production. Currently, blending is around 10% but the government wants to achieve 20% by 2025.