The Hindu Business Line : Ethanol blending with petrol made mandatory

New Delhi, Oct. 10 The five per cent blending of ethanol with petrol has been made mandatory across the country expect in J&K, the North East and Island Territories.

The Cabinet Committee on Economic Affairs (CCEA) on Tuesday also gave its approval to make 10 per cent blending optional from October this year and mandatory from October 2008, except in the exempted areas.

It also approved a uniform purchase price of Rs 21.50 per litre ex-factory for supply of ethanol which can be implemented all over the country for the next three years.

Loans for mills

The committee also cleared the proposal to give bank loans special guidelines to sugar mills – private, public sector and co-operatives – of an amount equivalent to the Central excise duty actually paid by the sugar mills for levy and non-levy sugar during 2006-07 and an estimated amount of excise payable in 2007-08 and to provide interest subvention to the banks on account of this loan through budgetary provisions by the Central Government.

Such assistance should be confined to the portion of arrears of sugarcane price which is relatable to Statutory Minimum Price. This amount is for payment to farmers against sugarcane price arrears. Necessary guidelines will be issued by Ministry of Finance in consultation with Department of Food and Public Distribution.

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