Current Affairs - Economy - Discussion

The Cabinet has approved a 3% increase in ethanol procurement prices for public sector Oil Marketing Companies (OMCs), effective from November 1, 2024, under the Ethanol Blended Petrol (EBP) Programme. This revision raises the price of ethanol derived from C Heavy Molasses from ₹56.58 to ₹57.97 per litre. The move is aimed at enhancing ethanol supply, supporting India’s ethanol blending targets, and providing economic benefits to ethanol producers and sugarcane farmers while also contributing to environmental sustainability.