9 Aug 2019
Energy
The State Oil Fund Act 2019, effective on September 24, 2019, will terminate price subsidies for biofuels within three years. Nonetheless, the government has not announced criteria or regulations in the aftermath of price subsidy abrogation. KResearch views that the termination of the price subsidy may eventually result in the end of certain types of biofuels. In fact, the demand for certain biofuels is set to drop regardless of the subsidy termination due to technological evolution and growing environment concerns in the future.... Read more
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