DOE spells out measures to cushion impact of high petroleum prices

In the Philippines, the Department of Energy (DOE) has been carrying out measures to mitigate the impact of the current crisis in Europe to ordinary Filipino consumers. As part of those measures, The DOE is also asking for intervention power to study the flexibility in fuel blending under Biofuel Law that regulates mixing ethanol or alcohol to gasoline, and coco oil to fuel.

Blending affects prices because coco oil is more expensive than diesel and this is also true with ethanol. The country imports large volume of ethanol but higher domestic price of the product affects prices and the government has to strike the right balance to protect the consumers.