The Ministry of Industry and Trade (MoIT), on January 27, said that the petroleum sale in Ho Chi Minh City was stable. Petrol stations normally operated to serve the travel needs of people, and there was no situation of hoarding and overcharging.
The Government Office, on October 12, issued an announcement on the conclusion of Deputy Prime Minister Le Van Thanh at a meeting on the management and administration of petroleum products for the domestic market.
The Department of Industry and Trade of Ho Chi Minh City, on September 15, had a meeting with representatives of the agency system, general agents, distributors, and petroleum wholesalers in HCMC on the operation over the past time, especially amid the situation that many agents constantly threaten to close because of prolonged losses.
At the working session with Nha Be Petrol Warehouse General, belonging to Area 2 Petrolimex Company (Petrolimex Saigon), Vice Chairwoman of the People's Committee of Ho Chi Minh City Phan Thi Thang, on the afternoon of September 5, asked Petrolimex to continue to maintain the supply of gasoline and ensure no shortage of petroleum products in the city.
"If the world gasoline price continues to rise, the Ministry of Industry and Trade will propose to reduce other taxes and fees further. When all the tax tools are used, but the petrol prices remain high, the ministry will propose competent authorities to use the welfare funds to support the poor and businesses that use a large volume of petrol products," Minister of Industry and Trade Nguyen Hong Dien said.
The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3.
Many businesses expressed concern that increasing gasoline prices might lead to an increase in raw material prices, making it difficult for businesses to maintain production stability.
It was recorded that on the afternoon of February 21, after gasoline prices increased by nearly VND1,000 per liter, most petrol stations operated normally. However, some were overloaded, and some faced a local shortage of gasoline.
