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From an economic point of view, shifting our focus to include biodiesel production will also decrease the amount of hefty petrol subsidies borne by the government, and the savings can be further utilised for nation building. Besides that, this move will also increase the demand for palm oil, as such increasing the market price of the commodity. This translates into higher profitability to palm oil producers and the country as a whole.
From an environmentalist’s viewpoint, the implementation of green fuel taxes will push the nation towards the direction of achieving a sustainable and greener economy, in line with preserving the environment and abating pollution levels...
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