Lockdown projected to dampen PHL fuel consumption by 18% : v

Lockdown projected to dampen PHL fuel consumption by 18%


BusinessWorld
December 11, 2020 | 7:29 pm
Philippine fuel consumption is expected to decline 18% in 2020, due to restrictions on transportation ordeed during the lockdown, the US Department of Agriculture’s (USDA) Foreign Agricultural Service said.
“The months of business and school closures and movement restrictions had a significant impact on fuel demand; (the USDA representative in Manila) estimates that overall fuel consumption in 2020 will drop 18% compared to 2019,” the USDA said in its annual biofuels report.
It added that fuel use by road vehicles, which include ethanol-gasoline and biodiesel, is expected to drop by “over 20% due to the significant restrictions on transportation.”
The Manila USDA representative “expects a decline in the Philippines’ ethanol-gasoline and on-road biodiesel-diesel pools of 16 and 21% from 2019 to 2020, respectively,” the USDA said.

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