(EnergyAsia, December 14) — Indian Oil Corp (IOC) has agreed to pay Rs21.50 a litre for ethanol supplied by sugar mills in Uttar Pradesh state. ($1=Rs45). The agreement sets the stage for IOC to roll out ethanol-blended fuel throughout the state.   Together with Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL),…