NSW motorists will soon save four cents a litre on petrol when the State Government passes a bill to mandate minimum ethanol petrol blends.
The Biofuel (Ethanol Content) Bill 2007 was introduced into parliament last night as Premier Morris Iemma took a swipe at the Federal Government for failing to introduce such a national scheme. If passed in both houses of state parliament, the bill will mandate that the cleaner fuel ethanol must comprise at least two per cent of total petrol sold in NSW by October 1.
“A two per cent mandate is a good start toward greater fuel security and less reliance on fossil fuels,” Mr Iemma said.
“It’s a win for motorists who can save approximately four cents per litre using ethanol blended fuels.”
Mr Iemma said the bill proposes a mandate that petrol companies can adopt and offers a way to avoid future petrol supply constraints and price shocks. He said the Federal Government continued to pay lip service to biofuels without initiating national ethanol minimums.
The Biofuel (Ethanol Content) Bill 2007 was introduced into parliament last night as Premier Morris Iemma took a swipe at the Federal Government for failing to introduce such a national scheme. If passed in both houses of state parliament, the bill will mandate that the cleaner fuel ethanol must comprise at least two per cent of total petrol sold in NSW by October 1.
“A two per cent mandate is a good start toward greater fuel security and less reliance on fossil fuels,” Mr Iemma said.
“It’s a win for motorists who can save approximately four cents per litre using ethanol blended fuels.”
Mr Iemma said the bill proposes a mandate that petrol companies can adopt and offers a way to avoid future petrol supply constraints and price shocks. He said the Federal Government continued to pay lip service to biofuels without initiating national ethanol minimums.
