Now is the time to push 10% ethanol & get a higher price!
Crude touching $130 & the Centre
refuses to bail out public sector Oil Marketing Companies which are
under tremendous strain & BPCL (Bharat petroleum Corporation Ltd.)
one of the oil marketing companies deciding to put Petrol Pumps
across the country on a “rationed” supply. The oil crises have
touched the neighborhood & still we are not framing the 10% ethanol
mandate. Why? If oil can be made available, why not ethanol?
The Government should frame the BIS
(Bureau of Indian Standards) Specification of 10% ethanol blend with
immediate effect. Already the sugarcane crushing in Maharashtra &
Uttar Pradesh is extended till June. That is the sugarcane is still
left uncrushed. So ultimately we have the raw material to produce
The last resolution mentioned that the
ethanol pricing should match Import Parity Price of petrol. During
the resolution, crude was $ 50 & the Import Parity Price of petrol
Rs. 23to 24. Now crude is $130 so the price of ethanol should be in
the range of Rs. 40/- considering the import parity price. But as
the tenders floated for purchasing ethanol was for 3 years, hence
the price of ethanol never changed from Rs. 21.50 basic. Now it is
very clear the Oil Companies are benefited by blending ethanol at Rs.
21.50 & hence ultimately blending of ethanol is helping them to
reduce the current losses.
This is the time ethanol manufacturers
and Sugar Mill Association should put up a positive plan to the
government to mandate or start without mandate the E-10 objective
which will help not only to the oil corporations but also to the
common Indian public.
Your comments & suggestions are welcome. You
can interact with Mr. Deepak Desai on email -
and Cell No. +91 (0) 9823139883.
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