22 April 2011 18:58 [Source: ICIS news]
“[Refiners] will have to take those [penalties] into account, and the market will show whether those costs can be passed on to drivers,” said Karin Retzlaff, spokeswoman for
After introducing E10, refiners stopped supplying E5 gasoline with 95 RON (research octane number), thus forcing drivers wishing to avoid E10 to resort to a more expensive 98 RON super (premium) gasoline, which requires greater amounts of octane-boosting ethers.
The increased demand for 98 RON gasoline led, in turn, to increased demand and higher prices for methyl tertiary butyl ether (MTBE) in Europe - contrary to market expectations that the launch of E10 in
Rainer Hillgartner, a spokesman for drivers lobby Autoclub Europa, said the oil and refining industry was an oligopoly with immense pricing power.
($1 = €0.69)
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