The Vietnam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on December 15 officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol, 15 days before a Government deadline.
PVOil's mixing station in Ho Chi Minh City (Source: VNA)
Hanoi (VNA) – The Vietnam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) onDecember 15 officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol, 15 days before a Government deadline.
Petrolimex said the firm has operated E5 fuel mixers at repositories in Hanoi,Hai Phong, Da Nang, Ho Chi Minh City and Can Tho to prepare for the move. In2018, the company will invest in two more mixers in Binh Dinh and Nghe An,lifting its total capacity to 1.8 million cu.m/year.
PVOil General Director Cao Hoai Duong said the company has upgraded andexpanded its storage system and operates 11 mixing stations nationwide.
According to a statement released by theGovernment, the ban of RON 92 grade is in line with the Government’s effort toboost consumption of environmentally friendly E5.
The shift will also helpensure energy security, reduce dependence on fossil fuels and implementcommitments made by the Vietnamese Government to reduce greenhouse gasemissions.
The decision is expected to facilitate petrol dealers in the trading of E5bio-fuel, as consumers will no longer have access to RON 92 petrol.
Previously, many plans on the wide use of E5 bio-fuel were set but missed theirdeadline. The Government last year confirmed that plans to start compulsorysales of E5 in eight provinces and cities had been delayed because domesticconsumers had shown little interest in switching from RON 92 petroleum.
In the latest move, the MoIT said on its onlineportal that it “may completely replace all RON 92 with E5 by mid-2017”.However, this timeline was moved to the beginning of 2018.-VNA
The supply of E5 bio-fuel is enough to meet the local demand and can fully replace RON 92 petrol beginning next year, the Ministry of Industry and Trade (MoIT) said.
The prices of RON 92 and E5 petrol and kerosene remained unchanged in the regular price review on December 5 while diesel prices increased slightly by 150 VND per litre as of 3:00 pm the same day.
Southern cities and provinces are ready to switch from the RON92 grade petrol to E5 biofuel starting next year, but concerns remain over its pricing and consumer preference.
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PVOil's mixing station in Ho Chi Minh City (Source: VNA) 
