The Indian government is likely to raise the price of ethanol derived from sugarcane juice or syrup in order to incentivize investments in the ethanol industry. Currently priced at ₹65.60 per litre, the Indian Sugar Mills' Association has been urging the government to increase the price by ₹4 per litre. The industry needs to invest ₹17,000 crore to produce 11 billion litres of ethanol, with a target of achieving 20% blending with petrol by 2025. This move is part of a broader effort to increase the use of biofuels and reduce reliance on costly crude oil imports.
