Review of Policies for Biofuel E5 RON 92 Proposed over Disappointing Sales

Business News/Analysis, Marketing/Markets and Sales, Opinions, Policy, Vietnam

May 9, 2019

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(Viet Nam News) 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 company cited statistics showing that the proportion of E5 RON 92 biofuel in retail sales dropped considerably in recent months, from an average of 30.06 per cent in 2018 to 25.58 per cent in January, 22.74 per cent in February and 19.79 per cent in March.

In the proposal submitted to the Ministries of Industry and Trade and Finance, the company said that the declining trend in sales of biofuel E5 RON 92 was anticipated to continue.

The company attributed the decline in sales of biofuel E5 RON 92 to consumers still preferring petrol RON 95 to biofuel E5 RON 92 over the thinking the former had better quality and safety.

The price of petrol RON 95 was only VNĐ1,530 per litre higher than biofuel E5 RON 92, which was not enough to encourage consumers to use the biofuel.

In addition, many petrol retailers now did not pay adequate attention to promoting the sale of biofuel E5 RON 92. READ MORE

Biofuel fails to make a difference in Vietnam, consumption drops (VN Express International)

Vietnam’s fuel subsidies getting in the way of E5’s viability (Biofuels Digest)

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