Ajay Modi / New Delhi November 23, 2009, 0:57 IST But, sugar firms want Rs 28 a litre. Following the recent decision of the Union Cabinet to continue with the mandatory 5 per cent ethanol blending with petrol, oil marketing companies (OMCs) have agreed to increase the price of ethanol from Rs 21.50 to Rs 26 a litre for a year. However, the sugar industry is seeking Rs 28 a litre and, according to industry sources, only 40 per cent of the required quantity (680 million litres, for five per cent blending with petrol) would be available if the OMCs persist with the Rs 26 rate. Representatives of both OMCs and the sugar industry met in Mumbai earlier this week over the issue. OMC officials maintained that discussions are still on. However, sources said the sugar industry is agreeable to a price of Rs 26 per litre only if the OMCs enter into a three-year contract.