Philippines Adopts Mandatory Biofuels Standard
23 January 2007
Philippines President Gloria Macapagal-Arroyo recently signed into law a mandatory biofuels standard. Republic Act 9367 requires a 5% ethanol blend for gasoline within two years, increasing to 10% within four years under the approval of a new National Biofuels Board.
A 1% biodiesel blend for diesel is required within 3 months, to be increased to 2% within two years.
RA 9367 also zero-rates the specific tax on the biofuels component of blended gasoline or diesel.
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