Ukraine is ready to provide up to 80% of the population needs in biofuel, Ukrainian energy and coal industry minister Eduard Stavytsky told a briefing in the Cabinet of the Minister, ForUm correspondent reports.

"Since January, the law will come into effect on 5% bio-component content in petrol. We are holding talks, and before the end of November we will determine whether we have a transition period or decide to follow the law adopted by the Parliament. We are ready to provide the country with its own bioethanol production by 70-80% of the needs of population," Stavytsky said.

He noted that some experts predicted smaller number - at the level of 50-60%. "We will find a consensus to use the program of import substitution, that is, to use the products that we produce in our country," he said.

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