8 Aug 2008

Lower biofuel price set by Gull

1:18 pm on 8 August 2008

The AA says a small petrol retailer dropping its retail price for a new biofuel to below $2 a litre may prompt other oil companies to do the same.

Gull Regular Plus is a new 91 octane biofuel with 10% ethanol content. It is sourced from whey, a by-product of the dairy industry, and currently costs $1.95.9 a litre.

The AA says it welcomes the low price and says there's a possibility of other companies following suit.