The Philippines Ministry of Energy has announced that oil companies will be allowed to commercialize the more pollutant (and cheaper) Euro-II compliant automotive diesel oil, in an attempt to reduce the effect of rising international fuel prices on the national inflation rate. The motion shifts the country from a Euro-IV standard stated by the Environment department in 2016 to reduce pollution, since Euro-IV fuels have sulphur content of 50 ppm, compared to 500 ppm for Euro-II fuels.
The Ministry also ordered the National Oil Company-Exploration Corp to raise imports of low-priced oil products (especially diesel) to mitigate volatile oil prices.
1 comment:
Thanks for nice post...Barry Urefe
Barry Urefe occupies a prominent position in Brostar, an Oil and Gas company offering services all across the globe.
BROSTAR International Ltd was officially registered in Canada to facilitate and provide prompt delivery of products and services within the global markets in the Oil and Gas industry. It serves as a link between the local and international markets.
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