NSW Liberal Leader Peter Debnam today welcomed the initiative of the Australian Government to ask the Australian Competition and Consumer Commission to monitor the pricing of ethanol-blended fuel.
Deputy Prime Minister Mark Vaile announced over the weekend the ACCC would extend its monitoring of petrol prices to include E10.
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"As Mr Vaile noted, E10 should be up to 4 cents a litre cheaper than regular unleaded because domestically-produced ethanol receives a Federal Government subsidy," Mr Debnam said, who recently converted his car to run on E85 fuel.
"If elected in March 2007, the NSW Liberal/Nationals will be seeking a dramatic increase in ethanol production and use as part of the state's fuel mix," he said.
"NSW Nationals Leader Andrew Stoner and I convened an ethanol roundtable last week as the first plank in the formation of our biofuels policy.
"Greater use of ethanol-blended fuel and biodiesel would provide a more secure income for our farmers, decrease our reliance on imported petroleum products, result in lower fuel prices for motorists, create jobs in regional areas and reduce cancer-causing pollution," Mr Debnam said.
Mr Debnam and Mr Stoner will convene another roundtable next month to consider the following policy initiatives:
• Incentives to increase ethanol and biofuel production
o Incentives for production facilities
• Incentives to increase ethanol distribution
o Incentives for cleaning storage tanks
o Incentives for cost of conversion to ethanol
o Incentives for blending and distribution facilities
o Target of service stations with the capacity to supply E85 by 2010
• Incentives to increase demand for ethanol
o Mandate E10
o Incentives to use/convert to E10
o Incentives to use/convert to E15
o Incentives to convert to E85
o Motor vehicle registration concessions
• Promotion of ethanol
o Appoint and ethanol ambassador
o Marketing campaign
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