Before the developments of the world gasoline and oil market, the Domestic Market Management and Development Department (Ministry of Industry and Trade) has just issued a document requesting key gasoline and oil trading traders and gasoline and oil distribution traders to proactively create sources, ensure sufficient supply for the distribution system, and absolutely not to let supply disruptions occur in any situation.
Over the past time, the world gasoline and oil market has continued to be affected by many factors such as positive information from negotiations between the US and Iran, many oil tankers have resumed traffic through the Ormuz Strait, while the military conflict between Russia and Ukraine continues. These factors have caused world gasoline and oil product prices to fluctuate upwards and downwards for each item, but the general trend is downwards.
To proactively ensure the supply of gasoline and oil for production, business and consumption in the last months of 2026, the Domestic Market Management and Development Authority requests key gasoline and oil trading traders to seriously and fully implement the minimum total gasoline and oil source for 2026 assigned by the Ministry of Industry and Trade, ensuring both quantity and type; and at the same time, implement the registered quarterly total source plan.
Along with that, key traders need to proactively forecast market developments, develop response plans, diversify supply sources from both domestic and imported sources; strictly implement regulations on gasoline and oil reserves to ensure stable supply for the distribution system in the last months of the year and be ready to meet market demand in all situations.
For the entire distribution system, the Department requests key traders and distribution traders to focus resources to ensure full supply of gasoline and oil in areas with distribution systems, especially in remote and isolated areas such as Dien Bien, Lao Cai and Tuyen Quang.
Notably, the document emphasizes the requirement to absolutely not hoard goods waiting for price increases, absolutely not to interrupt the supply of gasoline and oil throughout the business system, from key traders, distribution traders to retail stores. In all situations, traders must ensure full supply of gasoline and oil to retail stores under the distribution system to maintain regular and continuous sales operations.
In addition to ensuring goods sources, traders are required to focus on sharing supply sources, sharing profits harmoniously in the distribution system to maintain stable supply operations; and at the same time arrange sufficient manpower, organize duty or overtime to ensure continuous and uninterrupted sales activities.
To ensure that the directives are strictly implemented, the Domestic Market Management and Development Department will coordinate with functional agencies to strengthen inspection and supervision of the implementation of responsibilities to ensure supply of key traders and distributors; supervise the import and purchase of gasoline and oil from domestic production plants as well as the implementation of circulation reserves according to regulations.
Violations of regulations on ensuring gasoline and oil supply will be strictly handled according to the provisions of law.
