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<p>The price of HVO is ultimately driven by market conditions and production costs,
however, the operation of the RTFO is the Government’s primary mechanism for addressing
the cost difference between fossil fuels and renewable fuels such as HVO.</p><p> </p><p>Ministers
have not had any conversation with Cabinet colleagues recently regarding price of
HVO specifically. But the Government recognises the important contribution that fuels
such as HVO can play as it works to decarbonise transport.</p><p> </p>
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