In celebration of the Enactment of the 2006 Philippine Biofuels Bill, SeaOil has slashed pump prices of it’s E10 Gasoline (10% mixture of Ethanol) by 50 Cents per liter (Philippine Peso)
SeaOil is the first local petroleum distributor to offer blended biofuels in the Philippines. Due to the lack however of Ethanol Distilleries in the Philippines, ethanol is currently being imported by SeaOil.
In the first phase of the 2006 Philippine Biofuels Bill, 5% (E5) is the mandated mixture of Ethanol with Gasoline at the Pump within two years of passage, then after four years the mandated mixture will go up to 10% (E10).
Original Article here from Inq7
Category: Oil, Energy News, Bioethanol
