E5 RON 92, which is made of unleaded gasoline and 4 to 5 per cent ethanol, will replace the traditional fuel Mogas 92. — Photo greenoptimistic.com

HA NOI (Biz Hub) — Bio-fuel E5 RON 92 is priced between VND25,310 (US$1.2) and VND25,810 ($1.22) per litre in the central Quang Ngai Province as of August 1, according to the Vietnam National Petroleum Group (Petrolimex).

E5 RON 92, which is made of unleaded gasoline and 4 to 5 per cent ethanol, will replace the traditional fuel Mogas 92.

All petrol stations in Petrolimex Quang Ngai's distribution network will price E5 RON 92 at VND25,310. Meanwhile, areas which are located far away from the province's central area will charge the maximum rate of VND25,810 for E5 RON 92.

Quang Ngai was the first province in Viet Nam to implement the Government's road map for applying ratios while blending biofuels with traditional fuels nationwide. On August 1, it received the biofuel from the oil tank of the Binh Son Refining and Petrochemical Company Ltd, (BSR) and then transported it to the petrol stations and agents in the province.

According to the BRS's Deputy Director, Tran Ngoc Nguyen, the company's Dung Quat Oil Refinery will ensure the supply of E5 RON 92 for the central region of Viet Nam.

Nguyen said the refinery's oil tanks are capable of holding 200,000 cubic metres of oil per year, half of which is E5 RON 92.

According to a decision issued by the provincial People's Committee on June 16, 2014, 81 per cent of the petrol stations in the province will sell E5 RON 92 from August 1 and all petrol stations will sell the biofuel from September 1. — VNS