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Wednesday, November 30, 2022

Relevant agencies, firms asked to join hands to ease fuel shortage

The Saigon Times

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HCMC – The Ministry of Industry and Trade has written to the relevant ministries, agencies, firms and local authorities urging them to join hands to tackle the ongoing fuel shortfall.

In its recent dispatch, the ministry said that the number of gas stations suspending operations is on the rise, so it is necessary to strengthen support measures to ensure sufficient fuel supply for domestic consumption, the local media reported.

The ministry proposed the ministries of Public Security and Transport and the governments of provinces and cities create favorable conditions for vehicles transporting fuels to gas stations, especially during rush hours.

The nation’s two oil refineries, Nghi Son and Binh Son, were told to maximize their production, speed up delivery to fuel firms, and supply fuels to wholesalers, including those who have yet to sign a purchase contract, to ease the severe fuel shortage.

Besides, the Ministry of Industry and Trade asked the State-owned Vietnam Oil and Gas Group (PVN) to urge PVOil to actively import gasoline and maintain the operation of gas stations.

The ministry had earlier proposed the State Bank of Vietnam ask commercial banks to help fuel firms gain easier access to loans.

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