Policy Update: Excise Duty Relief on Higher Ethanol-Blended Petrol

Government Exempts Excise Duty on Ethanol Content in Petrol Blends The Central Government has notified excise duty exemption on the ethanol portion used in petrol blends containing 22% to 30% ethanol (E22–E30). 📌 Key Highlights - Excise duty waived on the ethanol component in petrol blends containing 22%, 25%, 27%, and 30% ethanol. - Aims to accelerate India's E20+ ethanol blending program. - Supports reduction in crude oil imports and promotes cleaner fuel adoption. - Positive step for the domestic ethanol and biofuel ecosystem. 📈 Stocks in Focus 🔹 Praj Industries $PRAJIND 🔹 Balrampur Chini Mills $BALRAMCHIN 🔹 Triveni Engineering & Industries $TRIVENI 🔹 Dalmia Bharat Sugar and Industries $DALMIASUG 🔹 Shree Renuka Sugars $RENUKA 🔹 EID Parry (India) $EIDPARRY 💡 Market View: The move is expected to benefit ethanol producers, sugar companies with distillery capacities, and fuel-marketing companies involved in India's ethanol blending roadmap.