The Marcos administration has postponed the planned increase in biodiesel blends due to the sharp rise in coconut oil prices, a key feedstock for biofuel production.
The National Biofuels Board (NBB) recommended suspending the hike after coconut oil prices surged from $1,100 to over $3,000 per metric ton in 2024.
Despite the delay, Energy Undersecretary Alessandro Sales said the government remains committed to raising the blend once market conditions improve, with periodic reviews planned.
The current mandated blend is 3% coco methyl ester (B3), with planned increases to 4% (B4) this year and 5% (B5) by 2026, but the B4 rollout has been paused pending further notice.
Biofuel producers like Chemrez Technologies are urging the government to provide a clear timeline for resuming the higher blends to help meet economic, environmental, and health goals.Source: PhilNews24 | June 16, 2025
BIODIESEL BLEND INCREASE REMAINS ON THE TABLE
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