Oil companies in the Philippines complain about high price of domestic ethanol

In the Philippines, the government has set the price for domestic ethanol purchases at between $300 and $470 per cubic meter more expensive than imported ethanol, which oil companies say will weigh heavily on them during the third quarter. The National Biodiesel Board fixes the price that the 10 major oil companies must pay for the volumes set quarterly by the Department of Energy.

Domestic ethanol production is on the rise, with two new facilities coming online and another two boosting production, leading to capacity of 193 million liters per year, up from 133 million liters previously. Domestic demand for ethanol thanks to the E10 policy is 380 million liters for 2014.