Connect with us

Hi, what are you looking for?


FPI says gov’t agrees to investigate claims palm olein being used in fuel blend


THE Federation of Philippine Industries (FPI) said the government has agreed to a request by the federation to look into allegations that imported palm olein is being used illegally in fuel blending.

In a statement on Tuesday, FPI said its chairman, Jesus L. Arranza, had written the Office of the President detailing the alleged fuel blending activity.

Only coconut oil is permitted as a blending agent in biofuel under Department of Energy (DoE) rules.

Mr. Marcos is concurrently the Secretary of Agriculture. His staff told the FPI that the Department of Agriculture (DA) has been instructed to investigate the allegations and take the needed action.

“The Presidential Management Staff, in a correspondence to Agriculture Undersecretary Domingo F. Panganiban, told the department to evaluate and take appropriate action on the issues discussed by Mr. Arranza in his letter to the President,” the FPI said.

Mr. Arranza’s letter to the President said the fuel blending activity is being facilitated by importers taking advantage of the advantageous tax rate for palm olein used in animal feed.

“Since coconut oil is always priced much higher than palm olein, Mr. Arranza said these importers are getting another windfall of cash from substituting coconut oil with palm olein,” the FPI said.

Mr. Arranza claimed in his letter that the Bureau of Animal Industry (BAI) does not have a list of feed producers to help it determine the likelihood of palm olein imports being used in animal feed.

BusinessWorld asked the BAI to comment but it had not replied at the deadline. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

<?xml encoding=”utf-8″ ??> The exodus of workers from the jobs market over the pandemic has weakened prospects for Britain’s economic growth, the governor of...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Will Polston, talks to Business Matters about how helping ambitious owners to maximise their potential has resulted in him becoming a finalist...


Elon Musk talks about his company’s Starlink project at the Mobile World Congress, Barcelona, Spain, June 30, 2021. — BRISA PALOMAR / PACIFIC PRESS/SIPA...


PHILSTAR FILE PHOTO The National Economic and Development Authority (NEDA) has approved seven “high-impact” projects, ranging from agriculture to transportation, the agency’s top official...


Television (TV) advertising is shifting toward addressable TV, a service that allows advertisers to show different ads to different audiences watching the same program,...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Wayne Janse Van Rensburg, Chief Executive of education company Learndirect talks to Business Matters about the inspiration behind their business, which...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.