Insight
Downstream oil in brief: why is the UK introducing E10 gasoline?
Report summary
The UK's move to replace E5 with E10 as the standard gasoline grade will benefit fuel suppliers as it will help them meet their biofuel blending obligations. In contrast, it is likely to have a negative impact on consumers who will see a small increase in pump prices and a slight decrease in vehicle efficiency. Over the course of the next decade, we expect E10 to become the standard grade of gasoline in most European countries to meet increasingly stringent environmental legislation. However, those markets with energy-based targets will be less reliant on bioethanol to meet the target and will have a greater focus on HVO.
Table of contents
- Why the change?
- What impact will it have?
- Conclusion
- European retail gross margins fall slightly in February as crude prices strengthen
- Northwest European margins fall in February and there remains uncertainty over European demand this summer
Tables and charts
This report includes 9 images and tables including:
- Main products: monthly gross margins
- Italy gasoline gross retail margin
- Netherlands gasoline gross retail margins
- Italy diesel gross retail margin
- Netherlands diesel gross retail margins
- NWE refining margins
- MED refining margins
- NWE gasoline/gas oil crack spreads
- MED gasoline/gas oil crack spreads
What's included
This report contains:
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