Industry News
German government extends tax break for biodiesel; road fuel consumption forecast to drop 42% between 2005-2025
28th June 2006
The German coalition government has decided to extend the duty-free status of biodiesel two years longer than originally planned, until 2011, according to local media reports. Meanwhile, the German oil industry group Mineraloelwirtschaftsverband (MWV) has surveyed its membership and as a result forecasts that annual road fuel consumption in the country will drop substantially over the next 19 years, from 53.1m tonnes last year to 14m tonnes in 2025.
Petrol consumption is forecast to drop 42% to 14m tonnes as more motorists switch to increasingly efficient diesel vehicles, while diesel demand is forecast to decline by 12%, to 26m tonnes. As a consequence, carbon dioxide emissions from road traffic are forecast by the MWV to fall by 30% over the 20-year period to 113 million tonnes a year, MWV predicted.
(www.mwv.de)
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