Govt can save RM10.7m in subsidies with B10 biodiesel

Primary Industries Minister Teresa Kok Suh Sim said the use of B10 biodiesel would also enable the government to save RM1.6 billion in diesel import costs annually.

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

She said the use of B10 biodiesel would also enable the government to save RM1.6 billion in diesel import costs annually.

“This is because the biodiesel price is currently at RM2.28 per litre, whereas diesel is currently sold at RM2.31 per litre,” she when responding to a question from Chan Foong Hin (DAP-Kota Kinabalu) in the Dewan Rakyat here today. 

 Kok said the industrial diesel price was currently priced between RM2.60 and RM2.80 per litre compared with the biodiesel price of RM2.28 per litre.