November 1, 2017 2:11 PM

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Cabinet Committee on Economic Affairs approves revision in price of ethanol under Ethanol Blended Petrol

Cabinet Committee on Economic Affairs has approved the revision in the price of ethanol under Ethanol Blended Petrol, EBP Programme for supply to the Public Sector Oil Marketing Companies. The revised price of ethanol would be fixed at 40 rupees 85 paise per litre under EBP and will be applicable for the forthcoming sugar season 2017-18. <br/><br/>GST and transportation charges will also be payable additionally. The revised price will be applicable during ethanol supply period from 1st December this year to 30th November next year.<br/><br/>Government has accorded the ex-post facto approval for implementation of Special Banking Arrangement for 10,000 crore rupees for payment of outstanding claims on account of fertilizer subsidy in the year 2016-17. CCEA has also approved that, in future, Department of Fertilizers would avail the Special Banking Arrangement with the concurrence of Department of Expenditure.

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