WHEREAS, Section 5.1 of Republic Act No. 9367 or the “Biofuels Act of 2006” mandates that, “Within two years from the effectivity of this Act, at least five percent (5%) bioethanol shall comprise the annual total volume of gasoline fuel actually sold and distributed by each and every oil company in the country, subject to the requirement that all bioethanol blended gasoline shall contain a minimum of five percent (5%) bioethanol fuel by volume. Provided, that the ethanol blend conforms to PNS.”;