MUMBAI, May 6 : Malaysian palm oil prices are likely to rise about 12 per cent to 5,200 ringgit ($1,316) a metric ton by mid-July, as higher energy prices from the U.S.-Israeli war on Iran boost biodiesel demand and tighten supplies, analyst Dorab Mistry said…

The draft amendment to Central Motor Vehicle Rules aims to allow vehicles to run on up to 100% ethanol and fully biodiesel fuels, as the government looks to absorb surplus supply and deepen its biofuel push.