SECTION 1. Section 5 of Republic Act No. 9367, otherwise known as the “Biofuels Act of 2006”, is hereby amended to read as follows:
“SEC. 1. x x x.”
“SEC. 2. x x x.”
“SEC. 3. x x x.”
“SEC. 4. x x x.”
“SEC. 5. Mandatory Use of Biofuels. – Pursuant to the above policy, it is hereby declared that all liquid fuels for motors and engines sold in the Philippines shall contain locally-sourced biofuels components as follows:
“ x x x
“5.3 Within three months from the effectivity of this Act, a minimum of one percent (1%) biodiesel by volume shall be blended into all diesel engine fuels sold in the country: Provided, That the biodiesel blend conforms to PNS for biodiesel.
“Within two years from the effectivity of this Act, the NBB created under this Act is empowered to determine the feasibility and thereafter recommend to the DOE to mandate a minimum of two percent (2%) blend of biodiesel by volume which may be increased taking into account considerations including but not limited to domestic supply and availability of locally-sourced biodiesel component: Provided, That natural gas power generating plants may use neat diesel as their alternative fuel during shortages of natural gas supplies: Provided, however, That the DOE shall ensure that the authority granted herein shall only be availed of, directly or indirectly, by natural gas power plants.”