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Cabinet approves revision of ethanol price for supply to Public Sector Oil Marketing Companies

News and Press Release - Dated:- 13-10-2016 - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (O .....

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ramme will be ₹ 39/- per litre. ii. Additionally, charges will be paid to the ethanol suppliers as per actuals in case of Excise Duty and VAT/GST and transportation charges as decided by OMCs. iii. If the need arises to increase/reduce the reta .....

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ewed and suitably revised by Government at any time during the ethanol supply period that is from 1st December, 2016 to 30th November, 2017 depending upon the prevailing economic situation and other relevant factors. The revision in ethanol prices wi .....

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Notified 21 States and 4 Union Territories to promote the use of alternative and environment friendly fuels. This intervention also sought to reduce import dependency for energy requirements. However, since 2006, OMCs were not able to receive offers .....

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