Lack of remunerative rates, policy changes tether ethanol blending
Six months into India’s latest ethanol supply season, the blending ratio of biofuel with petrol remains stagnant at 12.1%, unchanged from the entire 2022-23 ESY. This contrasts with previous gains of 1.9 percentage points in 2021-22 and 2.1 percentage points in 2022-23 from their respective preceding years. The November 2023-October 2024 ethanol supply year shows no progress despite earlier trends of increasing biofuel integration.
Six months into India’s latest ethanol supply season, the needle on blending biofuel with petrol hasn’t moved an inch. The blending ratio in the first half of the November 2023-October 2024 ethanol supply year (ESY) averaged 12.1 per cent — flat from the entire ESY 2022-23. That compares with a 1.9 percentage point gain in 2021-22 from 2020-21 and a 2.1 percentage point gain in 2022-23 from the previous ESY.
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