Strictly handle acts of hoarding goods to make profit in petroleum business

Deputy Prime Minister Le Van Thanh requested the Ministry of Industry and Trade to immediately inspect and inspect units related to petroleum supply and distribution, and petrol and oil shops that are closed or temporarily closed. in recent years to detect and strictly handle the act of hoarding goods for self-seeking purposes and other violations (if any) in petroleum trading activities.

Strictly handle acts of hoarding goods to make profit in petroleum business

Strictly handle the act of hoarding goods to make profit in petroleum business (Illustration image)

This is the content mentioned in Notice 36/TB-VPCP dated February 10, 2022, the conclusion of Deputy Prime Minister Le Van Thanh at the meeting on ensuring the supply of petroleum for the domestic market.

According to the Deputy Prime Minister, petroleum is a strategic, especially important, sensitive commodity that easily affects people's psychology, directly affecting macroeconomic stability. Therefore, it must be managed and regulated in a scientific and strict manner.

The Government has promulgated many management tools, mechanisms, policies and laws and assigned the Ministry of Industry and Trade to have sufficient authority to proactively manage the petroleum market to ensure that the petroleum demand is fully met for production and consumption. . The fact that a number of petrol and oil retail stores are closed, not selling, affects the production and daily life of people in some localities as reflected by public opinion in the past time, under the responsibility of directing and controlling. by the Ministry of Industry and Trade.

As an agency assigned by the Government to state management of petroleum products, the Ministry of Industry and Trade needs to proactively follow the actual situation and be more closely involved in directing and operating in order to promptly handle the issues. situations arise, ensuring that there is no shortage of petroleum to serve production and people's life. Which focuses on the following tasks:

- The Ministry of Industry and Trade, Ministries and agencies shall, according to their assigned functions and tasks, ensure an adequate supply of petrol and oil to serve production, business and consumption by people and businesses.

- Carry out inspection and examination immediately for the units related to the supply and distribution of petrol and oil, and the petrol and oil shops that have closed or suspended operations in the past time to detect and strictly handle them. acts of hoarding goods for profit and other violations (if any) in petroleum trading activities.

- Directing relevant units to develop detailed plans for petroleum production and trading, close to reality; balance imported and domestically produced petroleum sources to ensure proactive, strict and more effective control.

In addition, the Ministry of Finance is required to assume the prime responsibility for, and coordinate with the Ministry of Industry and Trade and relevant agencies in, reviewing regulations on taxes and fees, and recalculating the level of business expenses and normative profits in the industry. the method of calculating the base price of petrol and oil to suit the actual situation in order to ensure the correctness, completeness and harmonization of interests between petrol and oil trading enterprises and consumers and petroleum users.

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