Australia: New South Wales Bans Unleaded Fuel
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Thursday, 05 January 2012 |
The State of New South Wales has banned the sale of regular unleaded petrol as part of efforts to promote renewable biofuels. The ban, which comes into effect in July, will lead to increased prices for motorists according to industry personnel. ”Consumers, particularly in rural areas, will have to pay more,” said BP spokesman Jamie Jardine. ”We believe demand will exceed supply,”
A report by the Australian Competition and Consumer Commission warned that such a measure will have a significant impact on consumers, particularly those driving older cars who will be forced to pay for premium unleaded product. It also warned that a national shortage of premium petrol could arise.
Energy Advisory Firm Ecco Consulting has found that the state’s only ethanol distiller, Manildra, would have to boost its production of ethanol-blended petrol from 250 megalitres in 2011 to 300 megalitres if it is to meet changed demand without price rises. While director Mike Cochran said that boosted production could be achieved by July, it would be “cutting it very fine”.
PetrolWorld 05012012
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