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The price of HVO is ultimately driven by market conditions and production costs, however, the operation of the RTFO is the Government\u2019s primary mechanism for addressing the cost difference between fossil fuels and renewable fuels such as HVO.<\/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>

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