Authorities said that they have been using procedural policy tools to remove difficulties for petroleum businesses so that the market will soon stabilize again. But the market is stable afterward, economists said that the current petroleum distribution system should be arranged.
In recent days, many petrol filling stations in the Mekong Delta region have closed and stopped selling, partly because of losses, and partly because of supply shortages, leading to the prospect of large-scale disruptions in the region.
Deputy Director of the Ho Chi Minh City Department of Industry and Trade Le Huynh Minh Tu said that the Department and businesses in the field strive to ensure the supply of gasoline despite difficulties.
Prime Minister Pham Minh Chinh assigned the Minister of Industry and Trade to pay attention to stabilize the petroleum market, especially the distribution of fuel to petrol stations to curb the long queue of motorbike drivers in gas filling stations.
The Ministry of Industry and Trade and the Minsitry of Finance would increase the transportation cost of gasoline from the factory to ports and the domestic premium in the base price of petroleum products at the price management period starting on October 11, the Ministry of Industry and Trade affirmed.
In the past few days, many farmers in some localities in the Mekong Delta are in despair because the rice in the summer-autumn rice in the paddy fields was ripe but harvesters did not have oil to operate.
Several private petrol retailers revealed that Vietnam National Petroleum Group (abbreviated as Petrolimex) is exclusively selling RON 95-V gasoline and 0.001S-V diesel as these establishments have contacted Petrolimex many times but could not access both types of petroleum products while cusomers moaned the group sell RON 95-V with price difference.
Following the information that the price of gasoline will increase sharply, surpassing VND30,000 a liter tomorrow, drivers have been filling up at petrol stations after long queues built up creating chaos at many petrol stations in Ho Chi Minh City.