Saigon Petro Company Limited recently proposed policies for the development of E5 RON 92 to be reviewed over the significant declines in sales of this biofuel.
The prices of oil and petrol have been kept unchanged after the latest regular adjustment by Ministry of Finance and the Ministry of Industry and Trade on February 15.
The Vietnam National Petroleum Group (Petrolimex) on January 1 announced decreases in petrol prices following a decision jointly issued by the Ministry of Industry and Trade and the Ministry of Finance.
The Nghi Son refinery plant in the Nghi Son Economic Zone of the central province of Thanh Hoa, is expected to contribute about VND8 trillion (US$342.6 million) to the State budget in 2018.
The retail price of bio-fuel E5 increased by VND320 per litre, while that of RON 92 rose VND293 per litre from 3pm on September 21 due to rising global prices.
Nghi Son Refinery and Petrochemicals LLC (NSRP) in the central province of Thanh Hoa introduced the first batch of petrol A95 on May 8, the third commercial product produced by the plant, following gasoline RON 92 and Benzen.
Nghi Son Refinery and Petrochemicals LLC (NSRP) on May 1 launched the first shipment of commercial product, gasoline RON 92.
The price of RON 95 petrol declined by VND400 per litre from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
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.
The prices of all petrol and oil will be kept unchanged in the latest regular adjustment of petrol and oil prices on February 3.
The price of bio-fuel E5 increased by VND429 while those of diesel 0.05S and kerosene increased slightly by VND430 and VND448 per litre, respectively in the latest regular adjustment of petrol and oil prices on January 19.
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.
Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.
The Vietnam National Petroleum Corporation (Petrolimex) will be the first to distribute diesel oil with Euro 5 standard in the Vietnamese market from January 1, 2018.
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.
The Ministries of Industry and Trade, and Finance decided to increase the retail price of RON 92 petrol by VND271 to a maximum of VND18,146 (US$79.8 cents) per litre from 3pm of November 4.
The prices of RON 92 petrol and bio-fuel E5 fell by VND124 and VND97 per litre, respectively, as from 4:55 pm on October 20.
The domestic retail price of RON 92 petrol increased by VND319 to VND18,111 (79 cents) per litre, as of 3pm on September 20.
The Ministry of Finance has proposed to lower import tax on bio-fuel ethanol from 20% to 17% so as to make E5 petrol cheaper.
The domestic retail price of RON 92 petrol increased by VND461 to trade at a maximum of VND17,486 (US$77 cents) per litre, as of 3pm on August 19.