In Vietnam, biofuel consumption is increasing thanks to the government’s push for mass commercial usage of biofuel nationwide this year, with E5 RON 92 going from only 9% of total petrol consumption last year to an impressive 40% of total petrol consumption this year.
According to the Ministry of Industry and Trade, biofuel consumption topped 1.78 million cubic metres in the first half of the year. The fuel is a mix of 95% petrol and 5% ethanol.
Lê Xuân Tình, deputy general director of PV Oil, told VietNam News that his company’s sales of E5 RON 92 in the first half of this year made up 50 per cent of its total fuel sales compared to 16-18 per cent last year. Other oil trading companies such as Military Petroleum Corporation, Vietnam National Petroleum Group and Hải Linh Co,.Ltd have also reported higher sales of the bio-fuel.