During the urging and monitoring of the implementation of gasoline and oil supply and circulation reserves from March 11 - 31, 2026, the Domestic Market Management and Development Department worked with 26 key traders, thereby detecting, verifying and sanctioning 3 units that did not maintain the minimum reserve level as prescribed, each enterprise was fined 130 million VND.
Implementing Decision No. 72/QD-TTTN dated March 9, 2026 of the Director of the Domestic Market Management and Development Department on the establishment of a delegation to urge state management and supervise key traders in implementing gasoline and oil supply and reserves for circulation, the working delegation has urged and supervised 26 key gasoline and oil traders nationwide. The content focuses on complying with regulations on ensuring supply and maintaining the minimum gasoline and oil reserve level for circulation.
Through working sessions, functional agencies have discovered, verified and made records of administrative violations against 3 key traders, including: Hai Duong Petroleum Materials Joint Stock Company; Vietnam Oil Corporation - Joint Stock Company (PVOIL); Vinh Long Petro Petroleum Co., Ltd. These enterprises do not maintain mandatory petroleum reserves or maintain petroleum reserves lower than the minimum level according to regulations.
In addition to the cases that have been sanctioned, the Domestic Market Management and Development Department is continuing to work with 5 other key traders showing signs of violations related to the minimum reserve level. Among them, there are cases showing signs of hoarding goods, which are currently being focused on verifying and clarifying for handling according to the provisions of law.
Strengthening inspection, supervision and strict handling of violations is identified as a key solution to tighten discipline in gasoline and oil business activities, contributing to ensuring stable supply and domestic energy security.
