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.
Saigon Petro has proposed to bring petrol A92 back to the market when the consumption of E5 bio-fuel is low and it is not meeting the target of environmental protection.
Gas suppliers in HCM City and other southern regions increased the
retail price of a 12kg cooking gas canister by VND9,500 (US$0.42) or VND
791.67 per kg on April 1.
Major cooking gas firms in HCM City slashed their prices by VND14,000
(67 US cents) per 12kg canister on June 1, after they announced the
price cut the previous day.
The retail gas prices have been raised by VND3,300 to VND8,000, or
between US$0.15 and $0.38, per 12-kilogram canister, depending on the
type of gas, from May 1.
The sales manager of Saigon Petro Company, Tran Minh Ha, said that E5 gasoline marketing needs to be boosted, the Sai Gon Giai Phong (Liberated Sai Gon) reported.