Consumption of bio-fuel E5 RON 92 nationwide increased 31.8 percent in the first half of this year to 1.78 million cubic metres, according to the Ministry of Industry and Trade.
HCM City (VNA) – Consumptionof bio-fuel E5 RON 92 nationwide increased 31.8 percent in the first half ofthis year to 1.78 million cubic metres, according to the Ministry of Industryand Trade.
The consumption of bio-fuel accounted for over 40 percent of the total petrolconsumption in the reviewed period.
Speaking at a conference on promotingbiofuel use held by the ministry on September 13 in Ho Chi Minh City, NguyenLoc An, Deputy Director of the ministry’s Domestic Market Department, saidconsumption of the bio-fuel has increased significantly since the country beganmass commercial use of the fuel nationwide this year.
Last year, consumption of E5 RON 92accounted for just about 9 percent of total petrol consumption, he said.
Le Xuan Tinh, Deputy General Director of PVOil, said his company’s sales of E5 RON 92 in the first half of this year madeup 50 percent of its total fuel sales compared to 16-18 percent last year.
Other oil trading companies such asMilitary Petroleum Corporation, Vietnam National Petroleum Group and Hai LinhCo,.Ltd have also reported higher sales of the bio-fuel.
The bio-fuel is a mixture of 95 percent petrol and 5 percent ethanol.
In Vietnam, there have been studies inrecent years on the use of bio-fuels by the Hanoi University of Technology andHo Chi Minh City University of Technology, which found them to be safe,increase the efficiency of the engine and significantly reduce the emission ofpollutants.-VNA
The quality of E5 bio fuel in Vietnam is ensured and meets international standards. All features, capacity and fuel consumption remain the same, and in some criteria E5 is better than RON 92, officials said.
The number of local consumers using E5 petrol in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.
Wholesale petrol traders should make more efforts to raise the market share of bio-fuel E5 in the country, said Deputy Minister of Industry and Trade (MoIT) Do Thang Hai.
The price of bio-fuel E5 increased by 300 VND per litre, while that of diesel 0.05S increased slightly by 383 VND per litre during the latest regular adjustment of petrol and oil prices on September 6.
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Illustrative image (Source: VNA) 
