Representatives of relevant agencies and fuel trading firms in Ho ChiMinh City have met to discuss ways to boost the sale of E5 bio-fuel atmore filling stations here in the city, a local newspaper reported.
Thereare around three months left for the city to widely distribute E5 astold by the Government, but only 29 out of 504 pumping stations retailthe bio-fuel. Some traders have had no station selling this fuel since2010, according to the Saigon Times Daily.
A report by the HCMCity Department of Industry and Trade showed that since a pilot schemefor selling E5 was initiated in October 2010, a mere 29 filling stationscitywide have been selling E5. Local fuel trading firms have pledged toput into service 29 more E5 filling stations towards the year-end,bringing the total number to 58.
In fact, a number of fueltrading firms in the outlying districts of Hoc Mon, Can Gio and Cu Chihave had to shut down their E5 pumps due to losses in the past fouryears.
Fuel trading firms are now awaiting the Ministry ofIndustry and Trade’s detailed instructions about a road map for E5distribution in December to know if distributors and agents get anysupport and whether the price mechanism of E5 is different from that ofother fuel products or not.
According to petroleum wholesalers,the selling of E5 is costlier than the standard A92 petrol and theycannot force agents to sell E5 if agents make little profit.
LeNgoc Dao, Deputy Director of the HCM City Department of Industry andTrade, said the department would continue asking the ministry to issue aguiding document on specific mechanisms and support for firms sellingthe bio-fuel.
Fuel trading firms said E5 should not be availabletogether with A92 gasoline at the same station because retailingdifferent types of fuel would make it costly to equip extra gas pumps.
DangVinh Sang, General Director of Saigon Petro, said the company and otherwholesalers wanted E5 to be sold like what Quang Ngai province is doingand stopping distributing A92 from December.
However, thedepartment questioned if fuel trading firms are able to supplysufficient E5, but no fuel traders could answer that question at themeeting as they have yet to know the real demand for E5.
The department targets to have one or two filling stations selling E5 in each district towards the year-end.-VNA
Thereare around three months left for the city to widely distribute E5 astold by the Government, but only 29 out of 504 pumping stations retailthe bio-fuel. Some traders have had no station selling this fuel since2010, according to the Saigon Times Daily.
A report by the HCMCity Department of Industry and Trade showed that since a pilot schemefor selling E5 was initiated in October 2010, a mere 29 filling stationscitywide have been selling E5. Local fuel trading firms have pledged toput into service 29 more E5 filling stations towards the year-end,bringing the total number to 58.
In fact, a number of fueltrading firms in the outlying districts of Hoc Mon, Can Gio and Cu Chihave had to shut down their E5 pumps due to losses in the past fouryears.
Fuel trading firms are now awaiting the Ministry ofIndustry and Trade’s detailed instructions about a road map for E5distribution in December to know if distributors and agents get anysupport and whether the price mechanism of E5 is different from that ofother fuel products or not.
According to petroleum wholesalers,the selling of E5 is costlier than the standard A92 petrol and theycannot force agents to sell E5 if agents make little profit.
LeNgoc Dao, Deputy Director of the HCM City Department of Industry andTrade, said the department would continue asking the ministry to issue aguiding document on specific mechanisms and support for firms sellingthe bio-fuel.
Fuel trading firms said E5 should not be availabletogether with A92 gasoline at the same station because retailingdifferent types of fuel would make it costly to equip extra gas pumps.
DangVinh Sang, General Director of Saigon Petro, said the company and otherwholesalers wanted E5 to be sold like what Quang Ngai province is doingand stopping distributing A92 from December.
However, thedepartment questioned if fuel trading firms are able to supplysufficient E5, but no fuel traders could answer that question at themeeting as they have yet to know the real demand for E5.
The department targets to have one or two filling stations selling E5 in each district towards the year-end.-VNA
