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.
