PCA wants B5 rule implemented despite increasing fuel prices
The Philippine Coconut Authority (PCA) still wants all diesel fuels sold in the domestic market be blended with five percent Coco Methyl Ester (CME), known in the industry as B5, to address falling prices of copra.
This, despite the fact that pushing for B5 implementation could jack up pump prices by P0.45 per liter.
PCA Administrator Romulo Dela Rosa said in a Manila Bulletin report that his agency is set to meet with Department of Energy officials to discuss on how to go about the B5 implementation.
According to him, pushing for B5 has its economic gain too, such as increasing the mileage for cars.
“DOE is suggesting to include in the agenda [for the meeting] to talk about how we can communicate properly the beneficial effect of B5 blend and its economic impact to the farmers. [They also want to discuss] how this can reduce the importation of petroleum,” Dela Rosa said in the report.
“Aside from helping stabilize copra prices, production of B5 biodiesel can also help the country save on foreign exchange because of foregone diesel import of about 430 million liters a year,” he added.