Biofuel rule ‘will spur petrol price hikes’

Business Day Live 28 September 2012.

THE proposed mandatory blending of biofuels with petrol and diesel could lead to further fuel price increases, law firm Norton Rose SA warns.

The Department of Energy’s regulations on the blending of biofuels to supplement local fuels require a minimum blend of 2% bioethanol in petrol and 5% biodiesel in diesel. The government says the development of a biofuels industry will attract investment to rural areas and promote agricultural development.

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