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|World & Business - Finance|
|Monday, 03 September 2012 15:14|
For vehicles repeat over fuel price hike at the beginning of 2013, upon expiration of the tax exemption for biofuels. It is the way chosen by the Government to implement a rise in excise promised last July 11, where the President of the Congress government announced tougher adjustment democracy. This particularly affects the price of diesel fuel is commonly used.
A European Union directive, the Member States, must be incorporated into automotive fuels a proportion of biofuels. According AOP (Spanish Association of Oil Product Operators in terms of volume, in which the diesel sold at the pump incorporates a 9% biodiesel, while gasoline carry a 7% bioethanol or biomethanol. During 2002, the Government Aznar exempted from taxes on these products for a period of ten years.
Increase by 666%
The real hit by higher fuel, vehicle owners are operating on a higher proportion of biofuels . The excise tax burden on E85 bioethanol, a 666% rise. Between 2006 and 2010, were sold in Spain 6500 cars that consume the fuel, according APPA (Spanish Association of Renewable Energy Producers), who repeatedly asked the Government to extend the labeled fuels helps to prevent the escape consumers.
In Spain, bioethanol consumed is imported from Argentina and Indonesia, which has led to repeated complaints in this sector. This past April the executive decree to block Argentine imports in retaliation for the expropriation of the subsidiary of Repsol YPF, by the Argentine government. And the allocation of a quota of about five million tonnes to 50 Spanish biofuel plants. Until then, the flood of imported bioethanol had forced two-thirds of the factories from Spain to stop production.