Ethanol procurement price increased by OMCs
State-run oil marketing companies (OMCs) – Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOCL) – have decided to procure ethanol to blend with fuel before selling it. The OMCs have announced an increase in ethanol procurement price for a six months period ending November 30, 2022. This