India expected to recommend price revision for ethanol

India’s Planning Commission expert committee is expected to recommend a revised price for ethanol, which is currently selling at an ad hoc price of Rs 27 (US$0.55) per liter. The price that the committee will recommend is expected to be in the range of Rs 28-29 (US$0.57-0.59) per liter. Last year, the committee signed a final report which set the price of ethanol at Rs 26.76 (US$0.54 ) per liter, followed by quarterly revisions of the price. Due to dissenting opinions, the price was not adopted and the industry continued to buy ethanol at the old price of Rs 27 per liter. (January 25, 2012)