26 August 2011 17:38 [Source: ICIS news]
The refiners will likely seek to pass on those costs to drivers, Uwe Franke, head of BP Europa, said in an interview with
“At the end of the day, oil firms will have no other options than to pass on those costs to customers,” Franke said.
Germany's refiners launched E10 because it enables them to comply with EU fuel quality standards. If they fail to comply with the standards, they face penalties, government officials have said.
Franke said it is “disappointing” that many German drivers continue to reject E10.
“We had expected a significantly higher acceptance of E10, given that about 90% of cars on
However, over the long run, E10 should gain ground in the market, Franke added.
BP’s Franke also said he expects crude oil prices to remain high in the future, despite the improvement in
Also, the situation in the
At the same time,
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