Ms. Nguyen Thuy Hien, Deputy Director of the Domestic Market Department, stated that in executing the Prime Minister’s Decision 53 on issuing the roadmap for blending biofuel with traditional fuel, the Ministry of Industry and Trade has issued directives to its subordinate units, the Department of Industry and Trade, and traders to vigorously implement this decision.
Ms. Nguyen Thuy Hien, Deputy Director of the Domestic Market Department
The Ministry has also issued numerous documents and directives to enterprises, traders, distributors, and retailers to promote the sale and distribution of E5 biofuel (E5 RON 92) across the country.
Since 2018, E5 biofuel has been widely available in the market. However, representatives from the Ministry acknowledged that its consumption has been on a downward trend.
This decline can be attributed to the minimal price difference between E5 and regular gasoline, which fails to incentivize consumers. Additionally, the communication and promotion of this fuel type have not reached a level that builds trust among consumers, who now have access to more advanced vehicles that require higher-quality fuel.
The Domestic Market Department has advised the Minister of Industry and Trade to issue directives to boost the consumption of E5 biofuel.
Concurrently, the Ministry has tasked the Department of Science and Technology with evaluating the implementation of the Prime Minister’s Decision 53 and reporting back to the Prime Minister to consider adjustments to the decision if necessary.
On this matter, Deputy Minister Nguyen Sinh Nhat Tan provided further information, stating that the blending and consumption of biofuel will continue according to the roadmap set out in Decisions 49 and 53.
The Ministry of Industry and Trade will persist in implementing solutions such as managing gasoline and oil prices and supply and demand to create favorable conditions in terms of price and supply, encouraging consumers to choose E5 biofuel.
Previously, a survey conducted by Nguoi Lao Dong newspaper found that not only in major cities like Ho Chi Minh City and Hanoi but also in rural and mountainous areas, E5 biofuel has lost its appeal among consumers, with many gas stations no longer offering this option.
