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Sunday, November 27, 2022

Fuel shortage drags on in Can Tho, Binh Duong

By N. Tan

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HCMC – The fuel shortfall continued to linger in the southern province of Binh Duong and the Mekong Delta city of Can Tho, forcing local retailers to put up “out of stock” notifications.

The shortage was caused by an inadequate supply from fuel wholesalers. 

The Vietnam News Agency reported that the lack of fuel in Can Tho resulted from Nam Song Hau Trading Investing Petroleum Joint Stock Company (NSH Petro) failing to satisfy the city’s demand due to delays in the shipment of RON 95-III gasoline from the Dung Quat oil refinery and MTBE, the material for fuel blending.

The two localities have worked with gasoline distributors and told them to boost supplies to cope with the shortage.

NSH Petro said it would tap the reserves to supply local retailers, preventing them from shutting down. Besides, it raised the discount rates for gasoline to VND200-350 per liter.

The Binh Duong Department of Industry and Trade has ordered Thanh Le General Import-Export Trading Corporation and Petrolimex Song Be Company Limited to increase output by 10-12% over 2021 to ensure adequate supply for the province.

Meanwhile, the suppliers in the province voiced their concerns over the low base price of fuel petrol and oil, saying it is no longer appropriate under the current circumstances.

They also proposed allowing tank trucks to transport fuel between 11 a.m. and 2 p.m.

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