Cabinet Committee on Economic Affairs, CCEA has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies to carry out the Ethanol Blended Petrol, EBP, Programme. The administered price of ethanol for the Programme will be 39 rupees per litre for the next sugar season from 1st December this year to 30th November next year. Charges will be paid to the ethanol suppliers as per actuals in case of Excise Duty and VAT or GST and transportation charges as decided by the oil marketing companies. The prices of ethanol will be reviewed and suitably revised by Government at any time during the ethanol supply period depending upon the prevailing economic situation and other relevant factors. AIR correspondent reports the revision in ethanol prices will facilitate Government in providing price stability and remunerative prices for ethanol suppliers. CCEA also approved the construction of new link between Sahibganj bypass in Jharkhand to Manihari bypass in Bihar including four lane bridge on river Ganga. The cost is estimated to be 1955 crore rupees including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road to be developed is approximately 22 kilometers. The project will help expediting the improvement of infrastructure in both the States also reduce time and cost of travel for traffic.It would also increase employment potential for local labourers.
News On AIR | October 13, 2016 6:22 PM
CCEA approves mechanism for revision of ethanol prices to public sector