Government hikes ethanol price by 5-8%

The Union Cabinet on Thursday raised the price of ethanol for doping in petrol by 5-8 per cent, I&B Minister Prakash Javadekar said.

The move will help farmers get remunerative price while also cutting down oil imports, he said.

As much as 10 per cent of ethanol is doped in petrol.

The move also checks pollution as ethanol is environment-friendly, the minister added.