<h1>Government Approves Revised Ethanol Price for 2024-25 to Boost Blending Goals and Reduce Oil Imports</h1> The Cabinet Committee on Economic Affairs has approved a revised ethanol procurement price for Public Sector Oil Marketing Companies for the Ethanol Supply Year 2024-25, under the Ethanol Blended Petrol Programme. The price for ethanol derived from C Heavy Molasses is set at Rs.57.97 per litre. This revision aims to provide price stability, reduce crude oil import dependency, and benefit the environment. The government targets 20% ethanol blending by ESY 2025-26, advancing from the previous 2030 goal. The initiative has resulted in significant foreign exchange savings and increased ethanol blending from 38 crore litres in 2013-14 to 707 crore litres in 2023-24.