Petrol imports will be boosted to make up for the shortfall

Today (March 16), continuing the working program of the 9th session, the National Assembly Standing Committee conducted a question-and-answer session with Minister of Natural Resources and Environment Tran Hong Ha and the Ministry of Natural Resources and Environment. Minister of Industry and Trade Nguyen Hong Dien .

Right in the morning session was the question-and-answer session of the Minister of Industry and Trade, many members of the National Assembly Standing Committee questioned the role of oil refineries in ensuring petroleum supply. as well as solutions to ensure domestic petroleum supply.

Many solutions have been proposed, in the immediate future, we will continue to boost imports to make up for the supply shortage and strictly control the petroleum business situation.

At the beginning of the questioning session, before many questions from the members of the National Assembly Standing Committee about the solutions of the Ministry of Industry and Trade in the coming time to ensure the supply, ensure the harmonious interests between the people, businesses and the public. State Government, in the context of the production interruption of Nghi Son Refinery and Petrochemical Plant, the Minister of Industry and Trade affirmed to promote the import of petroleum to make up for the shortfall.

“By mid-February, the domestic petroleum supply was enough to meet the end of March because according to the Petroleum Association’s data and the data reported by the key businesses at that time, the domestic inventory of goods was about 1, 2 million cubic meters of production at two oil refineries is 900 m3 and 900,000 m3 imported at the time of February 15 is 900,000 m3. The ministry continues to direct key enterprises to continue planning to import in the month. 3 exceeds the normal import volume. Each month imports 500,000 blocks, but according to the direction of the Ministry, imports are doubled, ie 1 million blocks or more,” said Minister of Industry and Trade Nguyen Hong Dien.

Listening to questions from members of the Standing Committee of the National Assembly, National Assembly Chairman Vuong Dinh Hue asked the Minister of Industry and Trade to need more information on the inspection and control of petroleum reserve business. Stores selling this item:

Minister Nguyen Hong Dien answered questions about the petroleum issue – Photo: Nhat Bac

National Assembly Chairman Vuong Dinh Hue asked: “The ministry should clarify when we go to check, do business establishments have circulation reserves in accordance with the law? Are these key traders confused between the project and the market? National reserve with business circulation reserve?Because it’s not just national reserve, you can’t say 1-2 days without supply you can’t sell gasoline. reserve circulation in a cycle of 20 days according to the law?”.

A representative of the Ministry of Industry and Trade confirmed that in the coming time, there is a roadmap to consider a model to improve the national petroleum reserve level.

“Actually, we have enough reserves of about 5-7 days with a monthly consumption of about 1.8-1.9 million blocks. Currently, the country does not have its own reserve system but assigns the reserve work. This is a mechanism that we clearly find unreasonable.The Ministry of Industry and Trade has and is having a roadmap to submit to the competent authorities for consideration and redesign of the management model. manage this reserve fund,” said Minister Nguyen Hong Dien.

The Minister of Industry and Trade also said that for petroleum products, it is necessary to have a long-term strategy. The ministry also affirmed that the Inter-Ministry of Industry and Trade – Finance has operated in accordance with the law and world developments.

While the world price range fluctuates 40%-60%, the domestic price fluctuates only 29%-40%, the highest price in the country is still the lower limit of the fluctuating price in the world.

PV