HCM City gets ready to sell E5 bio-fuel in Dec

Saturday, Nov 29, 2014 14:23

HCM City gets ready to sell E5 bio-fuel. – Photo dantri.com.vn
HCM CITY (Biz Hub)  — Bio-fuel E5, a mixture of 95 per cent of petrol and 5 per cent of ethanol, will be sold at 58 gas stations in HCM City starting next month, according to the city's Department of Industry and Trade.

The number of stations selling E5 bio-fuel will increase to 115 by June, and then at all 510 stations by the end of next year, said Le Ngoc Dao, deputy director of the department.

Seven cities and provinces, including HCM City, Ha Noi, Hai Phong, Da Nang and Can Tho cities and provinces of Ba Ria-Vung Tau and Quang Ngai, were appointed to implement a Government-approved road map for supplying bio-fuel from December 1.

Around 90 per cent of gas stations in the city have updated their tanks and filling stations to meet requirements for selling the fuel, Dao said at a meeting held in HCM City on Thursday.

Dao asked major fuel wholesalers in the city such as PV Oil, Saigon Petro and Comeco to co-operate with the department to support dealers to supply bio-fuel to customers.

"Newly established gas stations have to commit to selling E5 bio-fuel," she said.

To promote the use of the green fuel among customers, Dao proposed that tax incentives should be applied to E5 bio-fuel trading firms to cut prices. — VNS

Comments (1)

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P- X Phong - Friday, 16/10/2015, 11:16 Reply | Like