15:55 | 04/01/2018 Industry
The Vietnam National Petroleum Corporation (Petrolimex) officially started selling diesel oil with Euro 5 standard and Euro 4-standard RON95 petrol nationwide from January 1, 2018.
These products are distributed by the company’s network together with other non-lead petrol products, such as Euro 3 RON95 petrol and Euro 2 diesel.
In the initial period, diesel oil with Euro 5 standard is now available in 70 percent of Petrolimex gas stations.
RON95 petrol with Euro 3 and Euro 4 standards are sold at VND19,280 (US$0.85) and VND19,480 (US$0.86 USD) per liter, respectively.
The price of E5 bio-fuel is VND18,240 (US$0.8) per liter, while those of diesel with Euro 5 and Euro 2 standards are VND15,210 (US$0.67) and VND15,160 (nearly US$0.67) per liter, respectively. The kerosene price stands at VND13,610 (US$0.6) per liter.
According to Petrolimex Deputy Director General Nguyen Quang Dung, selling the two new products helps to enhance the company’s competitiveness while contributing to reducing gas emissions and protecting the environment.
On December 15, Petrolimex and PetroVietnam Oil Corporation (PVOil) on officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol.
According to a statement released by the Government, the ban of RON 92 grade is in line with the Government’s effort to boost consumption of environmentally friendly E5.
The shift aims to help ensure energy security, reduce dependence on fossil fuels and implement commitments made by the Vietnamese Government to reduce greenhouse gas emissions.
Vietnam requires Euro 4 standard for diesel-fuelled vehicles from 2018.