BANGKOK, 21 MARCH 2011 (NNT) – Oil retailers are encouraged to continue selling biodiesel B2 instead of B3 until the domestic palm oil supplies return to normal.
The Department of Energy Business of the Energy Ministry is prepared to extend the distribution of biodiesel B2 indefinitely, from 1 April onwards, in compliance with the Cabinet resolution aimed at allowing the stock of palm oil for household consumption in the country to rebound. The policy to sell biodiesel B2 in place of B3 was initially set to remain in effect until the end of this month.
However, the Ministry confirmed that locally-produced palm oil in the market would reach its normal level soon while expecting the crude palm oil stock in the nation after this month to total around 100,000 tons per month.
Cooperation has been sought from private oil entrepreneurs to continue offering biodiesel B2 at the pumps until further notice. The Energy Ministry also assured them that there would not be another shortage of palm oil in Thailand.
