E5 RON92 gasoline consumption is good
In the first half of the year, consumption of E5 RON92 gasoline accounts for more than 40% of the total petroleum consumed domestically. Picture: Nguyen Thanh. |
Consumption increased by more than 30%
According to the latest report of the Domestic Market Department (Ministry of Industry and Trade), in the first half of this year, the total domestic petrol volume in the whole country reached about 4.43 million m3. In particular, gasoline E5 RON92 reached about 1.78 million m3, accounting for about 40.18%; RON95 gasoline reached about 2.65 million m3, accounting for about 59.82%. Compared with the first 6 months of 2017, E5 RON92 gasoline domestic consumption has increased by 31.18% (E5 RON92 in 2017 was only about 9% of total gasoline consumption).
A number of focal companies have the ratio of gasoline E5 RON92 as quite high compared to the total gasoline consumption in the first half of the year, and is due to "the name": the General Petroleum Corporation reached about 62.53%; Vietnam Oil Corporation reached about 50.15%; Vietnam Oil and Gas Group reached 47.70% and Hai Linh Co, Ltd., reached 42.62%.
Mr. Nguyen Loc An, Deputy Director of Domestic Market Department commented that the increased growth rate of E5 RON92 gasoline consumption was in the first 6 months of the year when the nationwide commercial deployment showed a positive signal for its consumption.
Relating to the supply of raw materials, with ethanol fuel (E100) being used to mix gasoline E5 RON92, Mr. An said, “In the domestic market, only Tung Lam Co, Ltd., is the E100 provider for the Petroleum business to mix gasoline E5 RON92 (through two factories located in Dong Nai and Quang Nam with a total production capacity of 200,000 m3 per year). In addition, the E100 Binh Phuoc plant (capacity of 100,000 m3 / year) and Dung Quat E100 plant (capacity of 100,000 m3 / year) are calculating the re-start up plan. In addition to the domestic supply, some petroleum enterprises have also imported to actively source E100 to mix gasoline E5 RON92. So, the E100 supply for the E5 RON92 gasoline mix is generally guaranteed," said Mr. An.
Still hesitant about quality
Although authorities have confirmed that E5 RON92 bio-fuel consumption is showing signs of improvement, a survey by Customs Newspaper showed that many users are still cautious about this kind of gasoline.
Mr. Nguyen Duc Phong (Cau Giay, Hanoi) said, “I often use a Ford car to travel over a distance of about 20km per day. However, I never used gasoline E5 RON92.” His reason is that the manufacturer recommended that users should not use this gasoline for the car.
Besides the recommendations of manufacturers, many consumers have used it, but have now decided to say "bye" to E5 RON92 because of quality concerns. Mr. Nguyen Van Nam (Long Bien, Hanoi) said, “Currently, I am using a Kia Carens car and a Liberty motorcycle. For the car the manual is written on the lid of the gas tank to use A95 or A98 gasoline, so very few people use E5 RON92 for cars. For motorcycles, several times I tried using E5 RON92 gasoline and if a motorcycle has not been used for a long time, the gasoline dries and cracks rubber compounds, and corrodes the zinc and aluminum alloys used in carburetors. We do not use E5 RON92 gasoline,” Mr. Nam said.
Answering the question, how is the quality of E100, E5 RON92, Mr. Nguyen Loc An cited: Clause 1, Article 32 of Decree No. 83/2014 / ND-CP stating, "Only good quality gasoline that is in conformity with national technical regulations and announced petrol standards can be circulated on the Vietnamese market.”
In Announcement No. 255/TB-VPCP dated 6th June, 2017 of the Government Office announcing the conclusion of the Deputy Prime Minister Trinh Dinh Dung at the meeting on the implementation of the project on development of biofuels, and the roadmap to apply the rate of blending biofuels with traditional fuels, the Ministry of Science and Technology has been assigned to study the amendment and supplement of standards on biofuels when necessary, setting up a plan of inspection and management with measuring equipment and quality of biofuel in import, production and circulation in the market.
Standing as head of the only enterprise supplying E100 in the country, Mr. Vu Kien Chinh, General Director of Tung Lam Co. Ltd., affirmed: The quality of E100 alcohol in the country is very good. Previously, when domestic consumption situation met difficulties, we have exported E100 to markets such as Japan, Korea, China... to survive. Tung Lam has supplied E100 ethanol for large petroleum enterprises in Vietnam since 2011, and so far has not recorded any complaints related to quality. E100 alcohol and E5 RON92 gasoline are combined with E100 only accounting for 5% of E5 RON92 gasoline, while 95% is A92. Therefore, the quality and price of E5 RON92 depends on petroleum A92. The addition of 5% E100 alcohol to mineral oil reduces emissions, contributing to environmental protection.
Related News
Proactive plan to meet customs management requirements at Long Thanh International Airport
18:30 | 21/12/2024 Customs
Resolve problems related to tax procedures and policies for businesses
13:54 | 22/12/2024 Regulations
Necessary conditions for operating a "natural flavor" business
19:28 | 14/12/2024 Import-Export
Mong Cai: Smuggling concerns amid sluggish business activities
09:43 | 08/12/2024 Anti-Smuggling
Latest News
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
More News
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines
Vietnam among Asia’s 15 largest economies
15:42 | 19/12/2024 Headlines
Chinese media praises Vietnam’s economic achievements, outlook
15:40 | 19/12/2024 Headlines
Vietnam International Defence Expo 2024 opens
15:37 | 19/12/2024 Headlines
Your care
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines