On Tuesday, Thanh chaired a meeting on the petroleum production and supply for the local market.
At the event, Deputy Minister of Industry and Trade Do Thang Hai said that the country’s supply sources can meet 79 percent of the domestic market demand, while the remainder is from imported sources.
A petrol station in Soc Trang has temporarily closed
Nghi Son Oil Refinery and Petrochemical Plant, the largest of its kind in Vietnam that makes up approximately a third of the country’s total petrol demand, has cut its production capacity, resulting in a decrease in petrol supply in the domestic market. After that many petrol stations in several localities have suspended operations or have been forced to cut working hours over the past few days, reasoning that they have either faced losses or only received a limited supply of fuel.
Deputy Prime Minister Le Van Thanh asked the Ministry of Industry and Trade to manage petroleum product prices to avoid speculation.
Lots of petrol stations in the southern province of An Giang’s districts of Thoai Son, Phu Tan, Chau Phu and An Phu have temporarily closed. The same situation has been reported in Soc Trang Province’s districts of My Xuyen and Ke Sach as local petrol stations have suspended sales as they had run out of fuel.
Meanwhile, some petrol stations in HCM City have also shut because of the limited fuel supply for other reasons, including fire prevention and control system repair.
Nghi Son Refinery and Petrochemical LLC has cut the output of its refinery from 105 percent of design capacity to 80 percent and may suspend refinery operations from mid-February due to financial difficulties, according to the company’s announcement.
