Vietnam’s fuel import down 13.5% in value in seven months

Illustrative photo (Photo: VNA)

Hanoi (VNA) - Domestic enterprises imported a total of 6.26 milliontonnes of petroleum products worth 4.95 billion USD in the first seven monthsof 2023, up 15% year on year in volume and down 13.5% in value, according todata from the Ministry of Industry and Trade.

In July alone, the imported petroleum products reached a record at 1.05 milliontonnes, up 61% over last year, and the import value rose 7.8% to 790 millionUSD.

The gain was to ensure domestic supply amid the suspension for maintenance atNghi Sơn Refinery and Petrochemical.

Since the beginning of July, the Nghi Son Refinery and Petrochemical announcedto close for 55 days of maintenance from August 25, after nearly five years ofoperation.

This plant is meeting about 35-40% of the country's petroleum demand.

Meanwhile, total petroleum export was estimated at 120,000 tonnes in July,worth 90 million USD, up 80.2% and 52% over the same period last year.

For the last seven months, Vietnam exported 1.26 million tonnes of petroleum,worth 1.02 billion USD./.

VNA