Cabinet approves mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol programme revised - ethanol price for supply to Public Sector OMCs for Ethanol Supply Year 2021-22 https://www.taxtmi.com/news?id=24651 Cabinet revised administered procurement prices for ethanol for ESY 2021-22, increasing ex-mill rates for C heavy molasses, B heavy molasses, and sugarcane juice/sugar/syrup routes; GST and transportation charges remain payable. Government grants Oil PSEs/OMCs discretion to fix pricing for 2G ethanol to facilitate advanced biofuel refinery development, while grain-based ethanol pricing continues to be set by OMCs. The revision is intended to stabilise supplier prices, address cane farmer arrears, and support ethanol blending targets. en-us Wed, 10 Nov 2021 17:57:04 +0530 Wed, 10 Nov 2021 17:57:04 +0530 TaxTMI RSS Generator Cabinet approves mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol programme revised - ethanol price for supply to Public Sector OMCs for Ethanol Supply Year 2021-22 https://www.taxtmi.com/news?id=24651 Cabinet revised administered procurement prices for ethanol for ESY 2021-22, increasing ex-mill rates for C heavy molasses, B heavy molasses, and sugarcane juice/sugar/syrup routes; GST and transportation charges remain payable. Government grants Oil PSEs/OMCs discretion to fix pricing for 2G ethanol to facilitate advanced biofuel refinery development, while grain-based ethanol pricing continues to be set by OMCs. The revision is intended to stabilise supplier prices, address cane farmer arrears, and support ethanol blending targets. News - Wed, 10 Nov 2021 17:57:04 +0530 https://www.taxtmi.com/news?id=24651