Ministry urges for intensified monitoring of fuel trade nationwide

The 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