5% biodiesel blend to generate savings

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    Motorists will benefit in terms of better mileage and savings once the 5 percent biodiesel (B5) blend on fuel is imposed, according to Rafael Diaz of the Asian Institute of Petroleum Studies Inc.

    Diaz said the blend will result to 6-percent additional mileage equivalent to a net fuel cost savings of P1.39 up to P2.97 per liter based on current diesel pump prices.

    Savings of as high as P13 billion from diesel oil importation costs can also realized if B5 will be implemented.

    Diaz lifted the figures from an on-road mileage study conducted by the University of the Philippines National Center for Transportation Studies together with the Department of Energy, the Philippine Coconut Authority and the Land Transportation Office that tested several public utility jeepneys plying the most traffic prone routes in Metro Manila.

    Energy Assistant Secretary Leonido Pulido III at the 39th Japan Cooperation Center Petroleum International Symposium said the Biofuels Roadmap 2018-2040 had intended to implement B5 last year if not for the adverse effects of the pandemic, particularly on logistical limitations to regions where it would be blended despite the sufficiency of required raw materials. – Jed Macapagal