VNExpress-Aug 30
Gas stations in several southern localities have run out of supplies of petrol, diesel and other fuels and have stopped doing business. In Tinh Bien District, An Giang Province, six gas stations that get their supplies from Ho Chi Minh City-based Dai Dong Duong Petroleum JSC have stopped selling since Monday. A Dai Dong Duong representative said that they have not been able to buy fuel from distributors for the last five days. He attributed the supply shortage to seven fuel distributors who had their import license revoked for 1-2 months mid-August for violating safety and stockpiling regulations. Also, distributors are giving supply priority to companies in their own system on learning that market prices are going up. Huynh Van Thanh, owner of the Thanh Loi station in An Giang’s Cho Moi District, said his station had been out of diesel for two days as of Tuesday, but the distributor would not supply the fuel until Sep. 6. A similar situation has been reported in the Mekong Delta province of Dong Thap. The Vietnam Petroleum Association had proposed Monday that the Ministry of Industry and Trade regulate the price of gasoline on Sep. 1, instead of waiting until Sep. 5, given the strong fluctuations in global fuel prices. Nguyen Minh Duc with the legal department of the Vietnam Chamber of Commerce and Industry (VCCI), said the current regulation of waiting for ten days to make changes in gasoline prices does not allow local businesses to keep pace with price fluctuations in the international market. That leads to the situation wherein gas stations run out of stock before each price adjustment, he said. Read more at: https://e.vnexpress.net/news/economy/gas-stations-run-out-of-fuel-in-southern-vietnam-4505693.html
