Govt reveals it pays ₹70 to buy a litre of ethanol for E20 & only ₹45/litre to buy oil for petrol

The government told the Parliament that OMCs procured 705.43 crore litres of ethanol for ₹49,577.36 crore from April 2025-June 2026, which brings ethanol procurement price for E20 to ₹70.27/litre. As per government data, the international price of crude oil (Indian basket) stands at $74.8/barrel in July. This means that the government pays ₹45.31/litre to buy crude oil for petrol production.