A process and system for separating bio-gasoline, bio-diesel and bio-fuel oil fractions from a bio-oil, and for producing a renewable gasoline including at least in part the bio-gasoline fraction, is provided. The process comprises separating bio-oil into a bio-gasoline fraction and a heavy fraction based on their boiling points. At least a portion of the bio-gasoline fraction is directly blended with a petroleum-derived gasoline, without any prior hydrotreatment, to thereby provide a renewable gasoline composition.