Philippines raises biofuel blend mandate to 5%

In the Philippines, the mandated biofuels blend will be raised to 5% from 2% after an announcement from the National Biofuels Board. Not only will the heightened blend requirements strengthen the country’s coconut industry as well as lowering air pollution, but the government will save billions of pesos because of petroleum import substitution, asserted Agriculture Secretary Proceso Alcala. Consumers may see higher prices at the pump, depending on coconut oil prices.

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