Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Industry / Energy/  Cabinet to soon decide on 10% ethanol blending: Dharmendra Pradhan
BackBack

Cabinet to soon decide on 10% ethanol blending: Dharmendra Pradhan

The government is of the view that farmers can get a good price for their sugarcane when there is value addition

The sugarcane farmers feel that the move will yield better income, as ethanol is a by-product of sugarcane and will generate huge revenues if it is blended with petrol. Photo:HTPremium
The sugarcane farmers feel that the move will yield better income, as ethanol is a by-product of sugarcane and will generate huge revenues if it is blended with petrol. Photo:HT

New Delhi: Cabinet will soon take a decision on mandatory blending of 10% ethanol with petroleum, minister of petroleum and natural gas Dharmendra Pradhan said here on Monday.

“The government has kept the interests of farmers in mind. It has started the process and the cabinet will soon take a decision on 10% mandatory ethanol blending (with petroleum)," Pradhan said at BJP non-conventional energy seminar here.

At present, it is compulsory to blend 5% ethanol with petroleum but the oil marketing companies have achieved only 1.37%.

The government is of the view that farmers can get good price for their sugarcane when there is value addition.

The sugarcane farmers feel that the move will yield better income, as ethanol is a by-product of sugarcane and will generate huge revenues if it is blended with petrol.

In November 2012, the cabinet committee on economic affairs had decided that 5% mandatory ethanol blending with petrol should be implemented across the country and achieved by June 2013.

Pradhan had earlier said that the state governments have been asked to simplify the procedure and expedite clearances to ease the availability of ethanol for blending.

In the year 2008, the government announced its National Policy on biofuels, mandating a phase-wise implementation of the programme of ethanol blending with petrol in various states.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 14 Jul 2014, 09:43 PM IST
Next Story footLogo
Recommended For You
Energy Stocks
₹1,815.85-0.21%
₹166.51.53%
₹609.35-1.3%
₹88.932.52%
₹361.35-0.54%
Switch to the Mint app for fast and personalized news - Get App