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English Release 30-July 2014
Date Month Year
  • President's Secretariat
  • The Rashtrapati Bhavan Museum will open for public viewing from August 1, 2014
  • Prime Minister's Office
  • PM condoles loss of lives in landslide in Pune district
  • Sikkim Governor calls on PM
  • Full text of PM's address at 86th ICAR Foundation Day
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  • Developing Ecosystem in North Eastern Region
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  • Subsidy Given to Agri Exporters
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  • US Opposition to Section 3(D) of the Indian Patent Act
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  • Air Chief Marshal Arup Raha Takes Over as New COSC
  • Min of Earth Science
  • Doppler Weather Radars
  • Impact of Abnormal Weather Condition
  • COMAPS
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  • Step Taken by Government to Reduce Delay in Passport Issuance
  • States of Indo-Us civil nuclear deal
  • Ruling on Maritime boundary between India and Bangladesh
  • Land corridor to religious places in Pakistan
  • Indo-UK Ties
  • Hindi as official language in UN
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  • Expulsion of Indian journalists by Pakistan
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  • Union Finance Minister to Hold Meeting with the Chief Executive Officers (CEOs) of Public Sector Banks and Financial Institutions on Comprehensive Financial Inclusion Plan and Other Issues Tomorrow
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  • Claims for Freedom Fighter Pension
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  • Proposal to Restructure NDMA
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  • Bharat Ratna for Major Dhyan Chand
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  • Reason for Reverting to 3 Years Undergraduate Degree in Delhi University
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  • Decrease in out of School Children
  • Minority Youths in Higher Education
  • Min of Labour & Employment
  • Steps Taken by the Government for Construction Workers
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  • Revision of EPF Pension
  • Amendment to Archaic Factories Act, 1948
  • Labour Plantation Act, 1951
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  • Interest Rate on EPF
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  • Funding to MSME
  • Virtual Network for MSME
  • De-Reservation of Items from Small Scale Sector
  • Production in MSME
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  • Min of Mines
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  • Non- Resident Indians Investment Facilitation through Overseas Indian Facilitation Centres
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  • Min of Petroleum & Natural Gas
  • Roadmap for Exploitation of Methane
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  • Fiscal Subsidy on Domestic LPG
  • Global crude oil price of Indian Basket increased to US$ 106.34 per bbl on 29.07.2014
  • Min of Statistics & Programme Implementation
  • Provisional Results of Sixth Economic Census
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  • Iron-Ore Supplied by NMDC
  • Review of Safety and Security of Steel Plants
  • Min of Textiles
  • Santosh Gangwar Launches MIS for Skill Scheme
  • Ministry of Tourism
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  • Countering Negative Publicity of India in International Media
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  • National Mission to encourage Pilgrimage Tourism
  • Promotion of Cyclopean Walls in Rajgir, Bihar as Tourist Destination
  • India and Australian State of Victoria discuss further strengthening of bilateral cooperation in Tourism Sector
  • Min of Urban Development
  • 16 Former Ministers Served Eviction Notices For Unauthorized Stay; Owe Damage Charges of Rs.21 Lakhs Per Month
  • 16 Former Ministers Served Eviction Notices for Unauthorized Stay; Owe Damage Charges of Rs.21 Lakhs Per Month
  • Min of Youth Affairs & Sports
  • India won 10 medals on day 6 of CWG 2014

Previous Date

 
Cabinet Committee on Economic Affairs (CCEA)22-November, 2012 20:22 IST
Approval of the pricing formula for procurement of bioethanol suggested by the Expert Committee, coupled with a floor price and a ceiling price

The Cabinet Committee on Economic Affairs has approved the issue of pricing for bio-ethanol procurement by Oil Marketing Companies (OMCs) for Ethanol Blended Petrol (EBP) Programme as per following:

i. The 5% mandatory ethanol blending with petrol as already decided by the CCEA in the past, should be implemented across the country, for which the Ministry of Petroleum & Natural Gas will immediately issue a gazette notification, for the OMCs to implement from the 2012-13 sugar season, effective from 1st December, 2012.

ii. Procurement price of ethanol will be decided henceforth between OMCs and suppliers of ethanol.

iii. In case of any shortfall in domestic supply, the OMCs and Chemical companies are free to import ethanol.

It is expected that 5% bio-ethanol will be blended with petrol sold in all the States and UTs of the country.

The EBP Programme is presently being implemented in a total of 13 States with blending level of about 2% against a mandatory target of 5%.

A stable EBP programme would ensure sustainable benefits for the sugarcane farmers across the nation. It will ensure an alternative market for the farmers who frequently get adversely affected in case of bumper crop of sugarcane and lack of its demand in the market. It will also provide an incentive to small and medium farmers to increase efforts towards sugarcane crop as better returns would be ensured.

Procurement of ethanol at a price determined by the market will ensure stability. EBP programme not only provides opportunities to sugarcane farmers, but it also ensures the use of ethanol as bio-fuel in a big way which is environment friendly. Besides, to the extent of implementation, this reduces the dependence on imported crude and leads the nation ahead on fuel self sufficiency.

Background:

The CCEA in its meeting held on 16th August 2010 had approved the ad-hoc price of Rs. 27.00 per litre for bio-ethanol for procurement by OMCs. This price was subject to adjustment on the basis of recommendation of an expert committee for pricing of ethanol. Later an Expert Committee headed by Dr. Saumitra Chaudhury, Member, Planning Commission, considered the issue of pricing of ethanol. In its report, submitted in March 2011, the expert committee recommended a formula which was derived broadly from the price of motor spirit. Subsequently, a report by the Economic Advisory Council to the Prime Minister, submitted on 10.03.2011, recommended the fixation of price of bio-ethanol through the market mechanism. The issue of procurement price for bio-ethanol has been considered by a Group of Ministers and the CCEA.

***


SH/SK
(Release ID :89270)

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