Seeing how all current petrol models are compatible with 10% ethanol (see link), I don't see why not.
Ethanol can be a double-edged sword when it comes to value. It's a cheaper commodity than petrol, which lowers the price at the pump, but its lower energy content also means you consume it at a higher rate. So you may not save any money in the long term.
However, you can't argue with its performance. Ethanol tends to cool the intake charge, and combined with the two point increase in octane, your engine will be able to produce more power if it can take advantage of it.
I tend to judge fuel by it's octane number and not price, so it's a no-brainer for me - use it!
Others may have different priorities (like running costs, etc) but then who buys an R for that?
My only problem is that it's not available in Sydney.
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