High oil prices may boost use of substitutes

Rising crude oil price is expected to result in higher use of vegetable oils and fats as fuel substitutes, Thomas Mielke, Editor, OilWorld, said.

“If crude oil prices stay above $60 a barrel they would be a stimulant for using oils and fats as fuel substitutes unless prices of vegetable oils rise,” he told a vegetable oils conference, Global India 2005.