Philippines concerned about repeating ethanol mandate mistake with biodiesel policy

In the Philippines, the Manila Bulletin newspaper reports that the Department of Energy believes that by boosting coconut biodiesel blending to 5% from the current 2%, fuel prices will increase by 1.5 cents per liter at the pump. Those calculations were done in January/February, however, before Russia invaded Ukraine and sent oil prices soaring around the world. The department is concerned about creating a policy that will make the same mistakes as ethanol, where a 10% blend is supplied by as much as half of the volume coming from imports.