Nghi Son Refinery mistimed first batch of RON A92In light of the government’s initiative to switch to bio-fuel E5, it is questionable whether Nghi Son Refinery Co., Ltd. (NSRP) will be able to find a proper market for its newly launched RON A92 manufactured by Nghi Son Petrochemical Refinery (RFR). Nghi Son Refinery launched its RON A92 facility in the midst of the switch to bio-fuel E5After four years of construction, on May 1, Nghi Son Refinery Co., Ltd. (NSRP) officially launched RFR and produced the first batch of RON A92 petrol. Notably, according to statistics of petrol companies, after over four months of deployment, E5 petrol consumption is showing positive signs and has increased significantly against late 2017 and early 2018. In April’s first 15 days alone, Petrolimex’s total petrol sales hit 1.25 million cu.m, including 592,000cu.m of E5. In addition, container fees and transportation for E5 petrol are higher than RON 95, making business more difficult for petrol dealers.

Source: VietNamNet News May 03, 2018 08:15 UTC