SAFA seeks government-backed price fund for certified UCO
In short
SAFA wrote to the Petroleum Ministry and asked for a government-backed price stabilisation fund. It also wants a floor price for certified used cooking oil.
This could help support prices for certified UCO if the government agrees. The reporting does not say whether the ministry has responded or what the final plan would be.
What the reporting says
SAFA wrote to the Petroleum Ministry seeking a government-backed price stabilisation fund and a floor price for certified used cooking oil. The reporting does not identify the full proposal terms or say whether the ministry has responded. The immediate consequence is a policy request aimed at supporting pricing for certified UCO, but the outcome is still unknown.
Why it matters
SAFA wrote to the Petroleum Ministry seeking a government-backed price stabilisation fund and a floor price for certified used cooking oil. The available reporting does not include the full terms of the request or any ministry response. The issue matters for the UCO market because it could affect pricing and supply for certified material, but any policy decision is not yet known.