Fuel price labeling suggested at first Alternative Fuels Summit

Australian Automobile Association boss Andrew McKellar said that with the numerous new fuel mixture and brand names, there is a need for fuel price labeling which should be similar to the unit pricing in supermarkets. Speaking at the first Alternative Fuels Summit held in Brisbane in early September, McKellar said, “Potentially what we need to look at for motorists is certainly better information about what this proliferation of fuel products means and whether it is suitable for their vehicle or not.” He added: “But also what sort of value for money they’re getting, whether it’s a premium-grade fuel or E10 fuel, and which one they get the greatest mileage out of.” McKellar underscored the importance of communicating the information about alternative fuels. The biofuels industry is expected to grow by 8.45% next year and forecasts show that by 2025, there would be a global need for 1300 new biofuel refineries. There are only 150 refineries being built now and 135 of the refineries can be found in China. Former Premier Peter Beattie, who is an adjunct professor in bioscience and nanotechnology at the University of Queensland, said that Australia can capitalize on the opportunities available in the alternative fuels industry. (September 7, 2011)