Malaysia to Keep B5 Diesel Pricing
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Monday, 10 October 2011 |
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The
Malaysian authorities have stated that it would continue to keep B5
diesel pricing at the pump at RM1.80 per litre by absorbing the
difference from international oil prices. B5 diesel is a blend of 95 per cent regular diesel with five per cent palm
biodiesel.
Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said "Right now, B5 is being subsidised at the pump in the central region of the country. We've allocated RM23.65 million in B5 subsidies from June to December 2011.”
The rollout of B5 in Kuala Lumpur involves 247 fuel service stations. About one million litres of palm oil biodiesel are being used each month. "This will contribute to a saving of close to 12.4 million litre of fossil diesel per year in Kuala Lumpur," Dompok told local media after launching the fourth phase of B5 implementation at a fuel service station along Jalan Kuching, Kuala Lumpur.
Previous central region launches covered Malacca, Negri Sembilan and Putrajaya. As well as the B5 subsidies, the government has also allocated RM42 million to fund in-line blending facilities at six fuel depots owned by five oil companies, namely Petronas, Shell, Esso, Chevron and Boustead Petroleum Marketing.
PetrolWorld 101011
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