A new draft to amend the decree on trading petroleum, compiled by Vietnam's Ministry of Industry and Trade, now stipulates that gasoline distributors are not allowed to trade petrol with each other. The distributors are only permitted to buy petrol from wholesalers.
As of June 2024, Vietnam had 298 petrol distributors and over 30 petrol wholesalers. If petrol distributors are allowed to buy from each other, it will be very difficult for the State management agencies to control the origin, quality and quantity of petroleum.
At present, the situation of producing and trading fake petrol, oil and fuel is still complex and there have been many recent cases of hundreds of millions of litres of fake petrol.
Experts believe there are many more undiscovered cases, posing potential risks to Vietnam's petroleum distribution system and the domestic energy security.
In addition, this regulation aims to make the petroleum trading market more transparent, eliminating trading among the distributors which increases costs and retail prices.
Petroleum is a special industry that affects the national energy security. Many economic experts said that in the current multi-level petroleum trading system, each level has its own functions, tasks and business conditions. The businesses need to meet all conditions and requirements, and must properly perform their functions and tasks, avoiding virtual supply.
Full article Petrol distributors not allowed to buy from each other: Draft (vietnamnews.vn)
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