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E5 biofuel sales in Vietnam misses gov’t sales targets

 

In Vietnam, despite great efforts of governments, fuel retailers still have not managed to blend enough ethanol to achieve the E5 mandate.

E5 was supposed to be mandatory in the country’s major cities, starting this June, but higher prices have discouraged drivers from using the biofuel.

More policies are required to ensure ethanol is an economically viable alternative at the pump. The oil industry insists support is needed to drive down prices in order for drivers to use the alternative fuel.

 

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