Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices

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The ‌Southeast Asian state  volition  statesman  utilizing E10 gasoline — a blend ‌containing 10% bioethanol — from adjacent  ‌month, ⁠according to a authorities  directive ⁠signed by Prime Minister Pham Minh Chinh. File

The ‌Southeast Asian state volition statesman utilizing E10 gasoline — a blend ‌containing 10% bioethanol — from adjacent ‌month, ⁠according to a authorities directive ⁠signed by Prime Minister Pham Minh Chinh. File | Photo Credit: Reuters

Vietnam volition power afloat to ethanol-blended gasoline earlier ​than planned arsenic portion of its efforts ‌to curb fossil substance use, ​a authorities papers ⁠showed connected Friday (March 20, 2026), arsenic the warfare successful Iran continues to disrupt planetary vigor supplies.

The ‌Southeast Asian state volition statesman utilizing E10 gasoline — a blend ‌containing 10% bioethanol — from adjacent ‌month, ⁠according to a authorities directive ⁠signed by Prime Minister Pham Minh Chinh connected Thursday (March 19, 2026), bringing guardant a erstwhile people ​of June ‌1.

Fuel prices successful Vietnam person surged since the U.S.-Israel warfare connected Iran began 3 weeks ago, ‌with gasoline prices up ​50% and diesel prices rising 70%, according to information from ⁠top substance trader Petrolimex.

The disruption has "caused important fluctuations successful vigor prices, creating ‌numerous challenges for countries babelike connected vigor imports and expanding risks to the vigor information of galore nations, including Vietnam," the papers said.

The directive urges ‌authorities to present incentives for the accumulation ​and usage of electrical vehicles and calls for the expanded ⁠development and usage of renewable energy.

⁠It besides said Vietnam volition wholly destruct the usage ‌of 20-watt to 60-watt incandescent airy bulbs from the 3rd 4th of ​2026.

Published - March 20, 2026 10:52 americium IST

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