Oil companies are set today to increase the biofuel components of the fuel they sell at the pump in order to comply with the Philippine Biofuels Act of 2006.
This implementation of an increase in biofuel mix is covered by Circular DC2009–02-0002 of the Department of Energy. The said circular approves a 5% mixture in bioethanol with gasoline and 2% biodiesel with petrol diesel at the pumps. The decision to increase was decided upon by the National Biofuels Board(NBB) on January 19, 2009.
As stated in the Biofuel Law of the Philippines, two years after the implementation of the bill (June 8, 2007), biodiesel and bioethanol mixture being sold at the pumps should contain a mixture of 2% and 5% respectively.
Read the rest of this entry »