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 conventional fuel, the Ministry of Industry and Trade has issued instructions to its subordinate units, the Department of Industry and Trade, and traders to vigorously implement this decision.
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 domestic market. However, representatives from the Ministry of Industry and Trade acknowledged that its consumption has been declining.
This decline can be attributed to the minimal price difference between E5 and conventional fuel, which does not incentivize consumers to choose E5. Additionally, the communication and promotion of E5 biofuel have not reached a level that builds trust among consumers. With access to modern vehicles, consumers tend to opt for higher-quality fuel options.
Recently, the Domestic Market Department advised the Minister of Industry and Trade to issue a directive to boost the consumption of E5 biofuel.
Concurrently, the Ministry of Industry and Trade assigned the Department of Science and Technology to evaluate the implementation of the Prime Minister’s Decision 53 and subsequently report to the Prime Minister to consider adjustments to the decision if necessary.
Regarding this matter, Deputy Minister Nguyen Sinh Nhat Tan provided further information, stating that the blending and consumption of biofuel are carried out according to the roadmap set by Decisions 49 and 53.
The Ministry of Industry and Trade will continue to implement 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 the NLD newspaper found that not only in major cities like Ho Chi Minh City and Hanoi but also in rural and mountainous areas, E5 biofuel is no longer a preferred choice, with many gas stations discontinuing its sale.