Increasing the renewable transport fuel obligation buy-out price for fuel suppliers

Suggests increasing the RTFO buy-out price for fuel suppliers and to ensure the continued greenhouse gas savings through biofuels.

Recent increases in the cost of biofuels relative to petrol and diesel mean that there is a greater risk that suppliers may ‘buy-out’ of their obligations to supply renewable transport fuel.

This would result in lost greenhouse gas savings plus impacts on the UK biofuels industry.

To combat this threat, we propose increasing the RTFO buy-out price to ensure the continued supply of biofuels and other renewable fuels.