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November 8th, 2008 09:47 PM #1SEC. 5. Mandatory Use of Biofuels. Pursuant to the above policy, it is hereby mandated that all liquid fuels for motors and engines sold in the Philippines shall contain locally-sourced biofuels components as follows:
5.1 Within two years from the effectivity of this Act, at least five percent (5%) bioethanol shall comprise the annual total volume of gasoline fuel actually sold and distributed by each and every oil company in the country; subject to requirement that all bioethanol blended gasoline shall contain a minimum of five percent (5%) bioethanol fuel by volume Provided, that ethanol blend conforms to PNS.
5.2 Within four years from the effectivity of this Act, the NBB created under this Act is empowered to determine the feasibility thereafter recommend to DOE to mandate a minimum of ten percent(10%) blend of bioethanol by volume into all gasoline fuel distributed and sold by each and every oil company in the country.
SEC. 21. Effectivity. - This act shall effect fifteen (15) day after publication in at least two newspapers of general circulation.
Approved,
JOSE DE VENECIA JR.
Speaker of the House of RepresentativesMANNY VILLAR
President of the Senate
ROBERTO P. NAZARENO
Secretary General
House of RepresenativesOSCAR G. YABES
Secretary of Senate
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