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Tuesday, February 7, 2017

FG Seeks to Augment Petrol, Diesel Consumption With Biofuel.

The federal government will soon insist that a minimum of 10 and 20 per cent of biofuel be added to every litre of petrol and diesel, respectively in petrol stations across the country, the Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed. According to the PPPRA, a national policy on biofuel development, which would provide the incentive for the growth of biofuel consumption in the country was underway and could be passed into law soon.The policy, the PPPRA said, would ensure that bioethanol and biodiesel, which are blends of petroleum products and agricultural products, are readily available in Nigeria. It said the policy was part of efforts to diversify Nigeria’s energy sources and respect global convention on climate change with the inclusion of alternative clean options.continue