Higher Ethanol Blend Can Keep Fuel Prices Low – Imee Marcos
by Christia Marie Ramos (Inquirer.net) Increasing the ethanol blend in gasoline products can keep fuel prices in the country low, Ilocos Norte Gov. Imee Marcos said on Tuesday. She made this suggestion amid the impending implementation of the second round of fuel excise tax increase early next year.
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“Given that ethanol is presently cheaper than gasoline, increasing the ethanol blend will result in cheaper ethanol-blended gasoline. Better still, this can be done without the need for additional legislation,” she said in a statement.
Marcos said that increasing the country’s ethanol blend from 10 percent to 20 percent would result in lower gasoline prices by as much as P5 per liter.
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She explained that currently, ethanol used for blending is 55 percent imported. READ MORE
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