MoIT orders local fuel distributors to import 25% quota in Q1

The Ministry of Industry and Trade (MoIT) has ordered local fuel importers to boost fuel supply by importing 25% of the whole year quota in the first quarter

The Ministry of Industry and Trade (MoIT) has ordered local fuel importers to boost fuel supply by importing 25% of the whole year quota in the first quarter, the online newspaper Danviet reported on March 1, citing MoIT.

The ministry requires local distributor to ensure fuel supply for domestic manufacturing and consumption.

Ealier, on February 24, domestic retail prices of petrol rose by VND2,900/liter to VND19.300/liter from 10 a.m today, the Ministry of Finance(MoF) said.

The prices of diesel increased by VND3,550/liter to VND18,300/liter, kerosene increasing by VND15,100/liter to VND18,200/liter and mazut rising VND2,110/liter to VND14,800/liter – Stoxplus.com

Tags: Vietnam fuel prices

Posted by VBN on Mar 2 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry