In Thailand, the Pattaya Mail newspaper reports that palm oil farmers will only permit the government to restrict biodiesel blending to 7% for four months. The government announced a temporary halt between December 1 and March 31 on B10 and B20, which will cut palm oil demand by 17,000 metric tons per month. The growers […]
In Brazil, Reuters reports the National Energy Policy Council won’t return to the previous blending mandate of 13% biodiesel and will keep it at 10% throughout 2022. The CNPE first cut the blending mandate in September due to high soy prices, but the cut was meant to be mandatory as the national policy increases the […]
In Thailand, the Pattaya Mail newspaper reports the Energy Policy Administration Committee has decided to cap the price of B7 at 83.7 cents per liter until March in an effort to rein in soaring energy prices, especially for businesses and truckers. Only B7 will be available until March with B10 and B20 being pulled from […]
In Thailand, the Bangkok Post reports the government was forced to tap into the oil fund in order to ensure that B10 remained affordable for drivers in light of fuel rising five times in September. The government has set the price for B10 slightly lower than B7 to drive demand for the higher blended fuel. […]
In Thailand, the Bangkok Post newspaper reports that the government has increased the price of B7 in an effort to make B10 and B20 comparatively cheaper and lure drivers towards the higher blends. B7 is set to be phased out. The Oil Fuel Fund Office is providing the funds for the subsidy scheme that will […]
In Thailand, Malaysia’s Star newspaper reports that the Thai government is encouraging motorists to fill up with B10 and B20 which the energy ministry says can reduce smog by up to 25%. The country, and especially the capital, are suffering from severe smog conditions recently. Although all six Thai refineries have committed to produce Euro […]
In Thailand, the Bangkok Post newspaper reports that the planned price cut on B10 and E20 meant to be a Christmas gift to drivers has been postponed to a New Year’s gift after the energy ministry building caught fire. The start of the two week discount period was delayed by a day, starting Thursday instead […]
In Thailand, the Bangkok Post newspaper reports that the government has implemented subsidies on B10 and B20 as of October 1 in an effort to encourage more demand at the pump before B10 takes over B7 as the mandatory blend on January 1. The subsidies will be sourced from the Oil Fuel Fund Administration Office. […]
In Thailand, the Vietnam News Agency reports that the Thai government is looking to boost biodiesel blending to 10% as of January 1, 2020 in an effort to boost palm oil prices that fell to a 20-year low in April and hasn’t recovered very far. The Thai cabinet already approved a $1.93 billion package to […]
In Malaysia, Bernama news agency reports that palm oil consumption is expected to increase by 800,000 metric tons by the end of the year thanks to implementation of the B10 mandate that began on February 1. Earlier in the year, the country was holding on to 7 million tons of palm oil stocks that weighed […]
