It will convert these fuel oils into higher value lighter distillates, such as petrol, which currently have to be imported.
They applied to the intervention of wine distillates, and the new regulation stipulates that their disposal must not disturb markets for alcohol and spirit drinks.
In a great many cases we are talking about diesel, which is a distillate, or petrol engines, and not talking about heavy fuel.
Even the light oil distillates are available and cheap at present, but for how long?
I am not saying that we should not use light oil distillates, but let us play them a little carefully.
At present both these companies import a proportion of the lighter distillates.
It will reduce the need to import petrol and other lighter distillates and will therefore have a balance of payments advantage.
My remarks to-day are therefore but a distillate of these consultations and of my own views, for what those are worth.
