Bio petrol, an environmentally friendly product, will be sold in five cities across the country, including Ho Chi Minh City, Hanoi, Vung Tau, Hai Phong and Hai Duong, starting from August.
Bio petrol, an environmentally friendly product, will be sold in fivecities across the country, including Ho Chi Minh City, Hanoi, VungTau, Hai Phong and Hai Duong, starting from August.
In anannouncement made on July 29 in Ho Chi Minh City , the VietnamNational Oil and Gas Group (PetroVietnam) said that E5 bio gasoline willfirst be sold at 20 petrol stations in the five cities.
Thegroup said it would then open three more stations in Da Nang , three inHue and five in Can Tho. From 2012, E5 bio gasoline will be soldnationwide.
Bio petrol is a mixture of 95 percent of theconventional non-lead gasoline and 5 percent of ethanol. Tests showedthat bio petrol E5 has a higher octane rating than other conventionalgasolines, which allows fuel economy, better engine protection andenvironmental protection.
The government has identified bio fuelindustry as a pivotal industry to ensure energy security, reducedependence on the fossil fuels and protect the environment.
Theintroduction of E5 to the market is part of the government’s masterbiofuel development plan until 2015 and a vision towards 2025.
PetroVietnam said the new gasoline will help better protect the environment and promote economic development in rural areas./.
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The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
