Government encourages people to use biofuel E5

Vietnam's Ministry of Industry and Trade July 7 liaised with petrol enterprises on the road map to replace biofuel E5 for popular kinds of petrol.
 

The government encourages consumers to switch from the popular A92 gasoline to the ethanol-mixed biofuel E5 by stopping selling the popular gasoline A92 from January 1, 2018  (Photo: SGGP)

The government encourages consumers to switch from the popular A92 gasoline to the ethanol-mixed biofuel E5 by stopping selling the popular gasoline A92 from January 1, 2018 (Photo: SGGP)

Representatives from petrol companies said that the government encourages consumers to switch from the popular A92 gasoline to the ethanol-mixed biofuel E5 by stopping selling the popular gasoline A92 from January 1, 2018 yet the government should offer competitive prices for consumers to compare.
Some enterprises proposed to have preferential tax on imported materials and reduce environment tax for biofuel E5 to encourage people to use the environmentally friendly gasoline.
Demand for E5 fuel has not been as high as expected, with consumers reluctant to change their habit
Cassava is major material to make biofuel E5. Vietnam has 500,000 hectare of barren land suitable for growing the tree. This also helps farmers to earn more and to maximize the land.

By PHUC HAU - Translated by UYEN PHUONG

Other news

Most view

Banking-finance

Bitcoin use might face criminal charge in Vietnam

The issue, supply and use of illegal means of payments including Bitcoin and other crypto currencies might face criminal charge according to Item 1, Article 26 of the Penal Code 2015, which has been amended and supplemented in 2017.
 

Economy

Retailers urged to keep up with innovation trends

The retail industry has changed dramatically in the digital age where everything is connected, requiring retailers to continue to innovate to better serve customers’ diverse needs, speakers have said at a one-day summit held in Ho Chi Minh City.
 

Self - introduction

Stock market

MoC sells 118.3million of DIG's shares

The Development & Investment Construction (DIG) Corp, said Ministry of Construction (MoC) has registered to sell 118.3 million shares accounting for 49.65 percent of DIG’s total capital within one month starting November 17.