The Ministry of Industry and Trade has requested the Vietnam National Shipping Lines (Vinalines) Corporation to reorganise its petrol import and consumption, saying it must use at least 50 percent of the minimum petrol import quota allocated for the year by the ministry.

If it failed to do so, the company stood to have its business licence for petrol import and export revoked, the ministry said, according to a report in the Tuoi Tre newspaper on May 4.

At a meeting with key petrol trading enterprises on March 12, the deputy minister of Industry and Trade, Nguyen Cam Tu, said that the ministry will withdraw the company's rights and assigned quota for importing gasoline and 0.05S diesel because it is not being used.

The withdrawn quota will be assigned to some other companies to ensure general supplies, he said.

Vinalines was allocated a minimum import quota of 130,000cu m of petrol and diesel this year. However, until the end of Q1, Vinalines had neither imported nor bought petrol from oil refinery, the Tuoi Tre report said.-VNA