Government has actually treked ethanol costs just months prior to the Uttar Pradesh assembly pollsWith Uttar Pradesh assembly elections just months away, the main government on Wednesday cleared a hike in ethanol cost by up to 80 paise a litre, an action which will benefit sugarcane farmers as costs of cane-based ethanol will rise.The walking will rise the rate of sugarcane-based ethanol to Rs 63.45 a litre from Rs 62.65, main sources said.The move was cleared by the Cabinet Committee on Economic Affairs (CCEA) in its meeting held previously in the day.Sugarcane is one of the key crops in Uttar Pradesh, whose western part is a significant walking stick growing region.
The move is likely to send a positive signal among walking cane farmers of the region.The brand-new prices of ethanol will enter result from December 1, Minister for Details and Broadcasting Anurag Thakur stated, while speaking with media persons.The rate for ethanol from B-heavy molasses and C-heavy molasses has also been hiked by Rs 2.55 per litre and Rs 2.12 per litre, respectively.The cost of ethanol from B-heavy molasses has actually been set at Rs 59.08 per litre from Rs 57.61 per litre earlier, and the rate of ethanol from C-heavy molasses has been set at B-heavy molasses Rs 46.66 per litre from Rs 44.54 per litre.Centre had last hiked the cost of ethanol extracted from sugarcane for blending in petrol by as much as Rs 3.34 in October 2020, to additional push the program, as it has benefitted farmers and also helped in reducing the oil import bill.