The petroleum ministry is looking into the matter.
Speaking to reporters on the sidelines of an event here, the minister also mentioned that the government is “considering a proposal to increase the minimum selling price of sugar”, which remains unchanged at Rs 31 per kg, a rate established in February 2019.
He also said the sugar production looks good for the 2024-25 season (October-September) on account of good monsoon.
Ethanol prices, fixed by the government, have not been hiked since the 2022-23 ethanol supply year (November-October).
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Currently, ethanol produced from cane juice is priced at Rs 65.61/litre, while rates for ethanol from B-Heavy and C-Heavy molasses stand at Rs 60.73/litre and Rs 56.28/litre, respectively.