Chevron Thailand looking at E20 from Jan. 1

In Thailand, Chevron’s local arm is undecided as whether it will introduce E20 when 91 octane fuel is phased out the end of 2012. Currently 91 octane represents about 40% of fuel demand while the rest is supplied by E5. The government this week raised the subsidy on ethanol by 1 baht per liter, which would make E20 nearly 10 cents cheaper per liter than 91 octane gasoline.