Gulshan Polyols has provided an update in relation to the decision of esteemed Oil Marketing Companies (OMCs) – HPCL, IOCL and BPCL to provide monetary relief to compensate for higher input cost.

Ethanol Blended Petrol
Ethanol Blended Petrol

The OMCs confirmed that the companies have announced a six-month relief scheme to support ethanol manufacturers who are facing high input cost, primarily on account of fuel and electricity. The relief package is applicable for all supplies of ethanol invoiced to OMCs between 1st June 2022 and 30th November 2022. The OMCs will pay the relief amount to vendors after each quarter. The relief amount will be based on the feedstock such as a relief of ₹ 1,606/kl from sugarcane juice/sugar/sugar syrup-based ethanol, ₹ 1,493/kl for B-heavy molasses-based ethanol, ₹ 1,179/kl for C-heavy molasses-based ethanol, ₹ 2,337/kl for damaged food grain-based ethanol, and ₹ 1,437 on surplus rice-based ethanol. Since Gulshan produces ethanol from surplus rice and damaged food grains, the applicable relief rate would be ₹ 1,437/kl and ₹ 2,337/kl wherein the effective realisation on Ethanol inclusive of relief scheme for this period will be Rs.58.307/- and Rs.55.257/- per litre, respectively.

Monetary relief to Gulshan Polyols, OMCs compensate for higher input cost