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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

international voices, will participate, reflecting the growing global significance of the event. The
conference will also host 10 country pavilions from leading nations such as the U.S., UK, Russia, Japan,
Germany, and the Netherlands, alongside eight thematic zones focusing on hydrogen, renewables,
biofuels, and petrochemicals.

The event will see participation from 20+ Foreign Energy Ministers or Deputy Ministers, along with Heads
of International Organizations and 90 CEOs from Fortune 500 energy companies. This reflects India’s rising
influence in shaping the global energy transition dialogue. Shri Puri also highlighted initiatives to engage
youth and innovators, with leading IITs, startup platforms like "Avinya" and "Vasudha," and 500 students
from Delhi/NCR participating to showcase innovation and technology-driven solutions.

A key highlight of IEW 2025 is the focus on compelling themes, including energy security, just and orderly
transitions, collaboration, resilience, capacity building, and digital advancements. The event’s Clean
Cooking Ministerial will further amplify India’s leadership role in ensuring access to sustainable and
affordable energy solutions, reinforcing its global commitment to energy equity.

With its unparalleled scale and focus on innovation, India Energy Week 2025 is poised to position India at
the forefront of global energy transitions and strengthen its role as a catalyst for change in the energy
sector.

Cabinet approves Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies
(OMCs) under Ethanol Blended Petrol (EBP) Programme - Revision of ethanol price for supply to Public
Sector OMCs for Ethanol Supply Year (ESY) 2024-25

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi,
has approved revision of ethanol procurement price for Public Sector Oil Marketing Companies (OMCs)
for the Ethanol Supply Year (ESY) 2024-25 starting from 1st November, 2024 to 31st October 2025 under
the Ethanol Blended Petrol (EBP) Programme of the Government of India. Accordingly, the administered
ex-mill price of ethanol for the EBP Programme derived from C Heavy Molasses (CHM) for the Ethanol
Supply Year 2024-25 (1st November 2024 to 31st October 2025) has been fixed at Rs.57.97 per litre from
Rs.56.58 per litre.

The approval will not only facilitate the continued policy for the Government in providing price stability
and remunerative prices for ethanol suppliers but will also help in reducing dependency on crude oil
imports, savings in foreign exchange and bring benefits to the environment. In the interest of sugarcane
farmers, as in the past, GST and transportation charges would be separately payable. Increase in prices
of CHM Ethanol by 3% will assure sufficient availability of ethanol to meet the increased blending target.

Government has been implementing Ethanol Blended Petrol (EBP) Programme wherein OMCs sell petrol
blended with ethanol up to 20%. This Programme is being implemented across the country to promote
the use of alternative and environment friendly fuels. This intervention also seeks to reduce import
dependence for energy requirements and give boost to agriculture sector. During the last ten years (as
on 31.12.2024), ethanol blending in petrol by Public Sector Oil Marketing Companies (OMCs) has resulted

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