In Brazil, Reuters reports Sao Paulo state has cut the so-called ICMS tax on gasoline which will make the fossil-based fuel more competitive against ethanol, which in turn will cut demand for ethanol and likely push sugar millers to switch towards more sugar production instead. Taxes were unchanged on hydrous ethanol at the pump, however. […]
In India, the Hindu Business Line reports that the government has proposed lobbing an additional tax on gasoline that is blended with less than 9% ethanol as part of the Finance Bill 2022 in an effort to further drive ethanol demand. If approved, the 3 cent per liter excise tax would come into effect from […]
In Texas, gasoline is getting a makeover with the Odessa Development Corporation and Nacero Inc. building a $6.5 – $7.0 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas. The gasoline will be made from a combination of natural gas, captured bio-methane and mitigated flare gas. Phase one will produce 70,000 barrels […]
In the Philippines, the Manila Bulletin reports that oil companies have begun increasing the cost of gasoline at the pump incrementally but will eventually increase the price by 0.017 per liter due to the higher costs of ethanol. The government regulates the 10% ethanol blending mandate and how much of it must come from domestic […]
In Brazil, Correio Braziliense reports Petrobras will increase gasoline prices at the refinery for the seventh consecutive time. The increase will be 3% while diesel will also be increased by 6%. The new prices will take effect on July 2. Before the new readjustment, gasoline prices were still 20% lower on the year, according to […]
By Doug Durante, Clean Fuels Development Coalition & Dave VanderGriend, Urban Air Initiative Special to The Digest Actually we all do, it has just reared its ugly head in poor Houston. That famous line from the Apollo 13 Space Flight radio communication between astronauts and mission control, and immortalized in the film of the same […]
In China, Reuters reports news first published by China’s Xinhua news agency that Tianjin is the first city in China to implement E10 with 10 fueling stations already supplying the fuel since Saturday, well ahead of the 2020 deadline when the blending policy is meant to be implemented nationwide. The city’s remaining fueling stations will […]
In Brazil, Platts reports that with hydrous ethanol at eight-year lows and drivers scrambling to drive on the cheaper fuel, gasoline surplus is being re-exported in tankers typically used for ethanol. One tanker was seen headed to the Gulf Coast of the US and potentially to West Africa afterwards. When ethanol is 70% of the […]
In Estonia, the local news agency reports that demand for ethanol-free 98 octane gasoline jumped 75% to 3.5 million liters per month in May when ethanol blending was introduced compared to the 2 million liters per month sold previously. Circle 98 gas stations are promoting the more expensive fuel for sports car owners and owners […]
In Washington, despite continued claims by opponents of the Renewable Fuel Standard, prices of the renewable identification number (RINs) credits used for RFS compliance have not caused changes in retail gasoline prices, according to a new analysis by Informa Agribusiness Consulting. The analysis, commissioned by the Renewable Fuels Association, looked at trends in the prices for conventional biofuel […]
