
NFSP opposing amendments to Biofuels Law, Rojas says
The National Federation of Sugarcane Planters is opposing the proposed amendments to the Biofuels Law, which will allow the temporary suspension of the mandated biofuels blend of bioethanol and biodiesel in fuels, if a certain price trigger point is reached, NFSP president Enrique D. Rojas, president said Tuesday, March 24.Under Senate Bill No. 1635, the President may suspend the implementation of the mandatory biofuels blend for a period not more than one year, if the price of the blended fuel exceeds by more than 5 percent of the price of pure gasoline or pure diesel.“The proposed amendment is anchored on the volatility of fuel prices amid the ongoing Middle East war, which shows no sign of de-escalation in the near future. While we understand the temporary price-based concer...









