City to Tightly Control Petrol Trading Activities

As a measure to curb speculation, the city’s Market Management Department will work with other authorities to tightly monitor petrol trading activities, according to a directive issued by Ms. Nguyen Thi Hong, People’s Committee deputy chairwoman.

Any petrol station in city found halting operations without legitimate reason will face a withdrawal of its business license

Ms. Hong directed the department to coordinate with other authorities to carry out regular checks at petroleum stations to make sure that no station refuses to provide service on its own initiative while it still has adequate petrol in its storage tanks. Any station found halting operations without legitimate reason will face a suspension of its business license.

Several Market Management Teams have recently reported on the shut down of stations in the suburban districts of Tan Phu, Binh Tan, and Hoc Mon due to short petroleum shortages.

The Ministry of Industry and Commerce stated that there is a sufficient supply of petroleum on the market. The ministry pointed out that Petrolimex, Saigon Petro and Petec stations all have sufficient reserves and can meet high demand.

By L. Phong – Translated by Phuong Lan

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