Spain brings in measures to lower oil costs

25 Feb 11

Spain, aiming to reduce its dependence on oil as crude prices surge, will raise biofuel blending and lower both speed limits and rail fares, Deputy Prime Minister Alfredo Perez Rubalcaba said on 25 February. The minimum proportion of biofuels to be mixed with mineral fuels, known as minimum blend, is to be raised to 7.0 percent from 5.8 percent, he said. The fuel-saving measures, which include cutting the speed limit on motorways to 110 kilometres per hour from 120 Km/h and lowering short and medium distance rail fares by up to 5 percent, will come into effect on March 7.
http://www.reuters.com/article/2011/02/25/us-spain-biodiesel-idUSTRE71O5NW20110225

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