Petrolimex announces E10 gasoline price at over 24,000 VND/liter.

On May 12th, the Vietnam National Petroleum Group ( Petrolimex ) announced the selling price of E10 RON 95-V bioethanol gasoline. This new price will take effect from 0:00 on May 13th.

Accordingly, the selling price of E10 RON 95-V gasoline at Petrolimex stores is 24,630 VND/liter. For stores in Zone 2 (areas far from ports, main warehouses, or production facilities with higher transportation costs), the listed retail price is 25,120 VND/liter.

At 24,630 VND/liter, E10 RON 95-V gasoline is about 840 VND/liter higher than E5 RON 92 gasoline, but about 620 VND/liter lower than RON 95-V gasoline.

Previously, by the end of April, Petrolimex had completed 7 standardized blending facilities and standardized technical processes at more than 2,800 retail outlets nationwide, meeting the roadmap for replacing conventional gasoline. The company also recorded a 40% increase in sales volume during the 8-month pilot program for selling this gasoline in Ho Chi Minh City.

Besides Petrolimex, PV OIL also announced that it will widely distribute E10 bioethanol fuel throughout its system, and will stop selling RON 95 mineral gasoline from May 15th.

PV OIL Saigon has also sent notifications to customers and partners regarding the implementation of E10 RON 95-III bioethanol fuel sales starting in April and the gradual transition to completely bioethanol fuel. Notably, the company will stop selling RON 95-III gasoline from May 15th.

Previously, in the draft amendment to Circular 50, the Ministry of Industry and Trade proposed that E10 bioethanol fuel would be sold nationwide starting April 30th, one month earlier than the previous schedule. E5 RON 92 gasoline would continue to be sold on the market until the end of 2030.

The regulatory body believes that the early transition to E10 gasoline will contribute to reducing import dependence, stabilizing the market, and enhancing national energy self-reliance. This is also an urgent requirement in the context of a complex global energy market due to the impact of conflicts in the Middle East.

Many petroleum businesses are currently upgrading their distribution systems and preparing warehousing and retail infrastructure to launch the E10 bioethanol fuel business according to the new roadmap.

Source: https://ttbc-hcm.gov.vn/petrolimex-cong-bo-gia-xang-e10-hon-24-000-dong-lit-1021319.html