Biodiesel group cautions against proposed suspension of coco-biodiesel program

The Philippine Biodiesel Association (TPBA) is urging caution regarding proposed amendments to the Biofuels Act of 2006, specifically House Bill No. 4151, which seeks to suspend the coco-biodiesel program under certain price conditions.

HB 4151, or the Murang Langis Act, would empower the president to suspend the biodiesel program if blended diesel's price exceeds pure diesel by 5%.

TPBA acknowledges the bill's aim to protect consumers but stresses the need for a comprehensive understanding of its broader consequences on motorists, farmers, and public health.

The association contends that blended diesel is not consistently more expensive and can be on par or cheaper than pure diesel, especially during periods of global oil price fluctuations.

It noted that under current conditions, the B3 blend adds only P0.71 per liter over B2, or less than 2%, while a future B5 may add roughly another 3% but delivers 6-10% improved fuel efficiency.

TPBA expressed hope that the Department of Energy's ongoing efforts to ensure energy security and balance stakeholder interests would be preserved.