Downstream oil in brief: why is the UK introducing E10 gasoline? Report

Insight 23 March 2021

Get this report*

$900

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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.

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