To not interrupt the supply of petroleum in the business system in Vietnam

To not interrupt the supply of petroleum in the business system in Vietnam

The Minister of Industry and Trade requires key petroleum traders to seriously implement the following specific tasks and solutions:

- Seriously and fully implement the total allocated minimum petroleum source in 2023 (both in quantity and type) to ensure continuous supply of petroleum to customers.

- Proactively source goods (both domestic and imported sources), carry out petroleum reserves according to regulations, and ensure adequate supply of petroleum to the domestic market in all situations.

- Absolutely do not interrupt the supply of petroleum in the business system (from wholesalers, distributors, and retailers). In all situations, sufficient goods must be provided to retail stores within the business's distribution system to maintain regular sales activities.

- Focus on sharing supplies and profits in the distribution system in a reasonable manner to ensure uninterrupted supply of petroleum to the market.

- Have a close commitment with domestic petroleum producers (in the contract signed between the parties), including a clear and strict commitment to sanctions when one of the parties commits a violation, to ensure that production traders and petroleum traders carry out their rights, obligations, and responsibilities according to the content and output signed between the parties.

- Responsible for providing complete and timely figures and data to authorities (Ministry of Finance, Ministry of Industry and Trade, etc.) to serve as a basis for accurately updating and fully calculating petroleum business costs in the formula for calculating the base price of petroleum products, ensuring efficiency in operating and stabilizing petroleum prices, and harmonizing the interests of the State, businesses, and people.

More details can be found in Directive 09/CT-BCT, dated August 28, 2023.

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