Banking chronicle

Banking services chronicle releases the magazine every month for the candidates who are preparing for bank examinations. One of the articles which are published in banking serviceschronicle magazine is here which says higher price for ethanol in page number 18 of November 2019.

The union cabinet on 3 sep approved a higher procurement price for ethanol purchased by oil marketing companies for the ethanol blended petrol programme, which will come into effect on dec 1 for a period of 1 year. According to the new decision, the price of ethanol from c-heavy molasses will be increased from rupees 43.46 per litre to rupees 43.75 per lite. The price of ethanol from b- heavy molasses will be increased from rupees 52.43 per litre to rupees 54.27 per litre.

The price of ethanol from sugarcane juice, sugar and sugar syrup has been set as rupees 59.48 per litre. Ethanol availability for EBP programme is expected to increase significantly due to higher price being offered for procurement of ethanol from all the sugarcane- based routes.