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Thailand drops B10 and B20 biodiesel due to high palm oil prices

Posted by Eduardo Moreno

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The Energy Policy Administration Committee (EPAC) in Thailand has dropped B10 and B20 biodiesel – diesel fuel containing 10% and 20% biodiesel respectively – in the country due to high palm oil prices with only B7 available until next March, the Pattaya Mail reported on 26 November.



Announcing the changes after an EPAC meeting on 24 November, Energy Policy and Planning Office (EPPO) director-general Wattanapong Kurovat said the move had been unanimously agreed by the Ministry of Energy, the Ministry of Commerce, the Ministry of Agriculture and Cooperatives, and the National Oil Palm Policy Committee.

Limiting the biodiesel offering to B7 would keep pump prices from exceeding 28 baht/litre (US$0.83/litre), Kurovat said.

The price cap and limitation on biodiesel sales was also expected to reduce the amount of money drawn monthly from the Oil Fund, the report said.

Source: Oils & Fats Internacional (OFI)