The cabinet committee, chaired by Prime minister Narendra Modi, on Wednesday approved a hike in the price of ethanol procured by the public sector oil marketing companies (OMCs) from distilleries under the Ethanol Blended Petrol (EBP) programme.
NEW DELHI: The rising price of fuel has undoubtedly affected the life of the common people. With India having one of the highest tax rates for fuel, there has been a constant call for the reduction of taxes. Prominent states like Karnataka and Gujarat were among the first to reduce the rates in November