Business

Ministry urges for intensified monitoring of fuel trade nationwide

The Ministry of Industry and Trade has asked authorities of cities and provinces nationwide to step up checks and monitoring of oil and gas trade as the ongoing ups and downs of the global fuel market are having major impacts on the domestic supply and prices.
Ministry urges for intensified monitoring of fuel trade nationwide ảnh 1The Ministry of Industry and Trade urges for intensified monitoring of fuel trade nationwide. (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade has asked authorities of cities and provinces nationwide to step up checks and monitoring ofoil and gas trade as the ongoing ups and downs of the global fuel market arehaving major impacts on the domestic supply and prices.

The move aims to ensure adequate fuel supply and stablise themarket, the ministry said in a newly-released notice.

It has requested the authorities to inspectthe observation of fuel trade regulations at retail outlets which are strictlyrequired to publish current prices, not charge customers higher rates than thelisted prices, and remain open during their registered time. Any violators must be subject to vigorous penalties, it noted.

Any fuel retailers found ceasing sales and hoarding stocks will face suspension of operation or withdrawal oflicences in accordance to regulations.

The ministry has also urged for accelerating awarenesscampaigns for businesses and consumers to encourage them use fuel economicallyand efficiently./.
VNA
#fuel prices #fuel supply #fuel shortages #Ministry of Industry and Trade #monitoring of oil and gas trade #Vietnam #Vietnam News #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

Another increase seen in fuel prices

Another increase seen in fuel prices

Petrol prices continued to rise in the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on March 1, marking the fifth consecutive increase since December 25, 2021 with a total amount of around 4,000 VND.

See more

Wind energy is expected to be a source of clean power. (Photo: VNA)

Germany invests 50 million USD in renewable energy workforce training in Vietnam

The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.

ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exerts efforts to ensure businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.

Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, Nordic businesses seek suppliers in Vietnam

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.

Minister of Industry and Trade Nguyen Hong Dien at the 15th National Assembly’s 9th session on June 17 (Photo: VNA)

Vietnam ramps up efforts against counterfeit goods amidst challenges: Minister

Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.

Illustrative photo (Photo: VNA)

Vietnam Cycle Expo to return to HCM City in August

Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.