Within the final two days, a fuel station in Thanh Xuan Ward in HCMC’s District 12 claimed to utterly run out one time and had been rationing gross sales the remainder of the time.
Its staff mentioned provide has been in small portions at a time.
Many fuel stations on nationwide highway 1A in District 12 have put up indicators saying they’re out of gasoline and re ready for tankers to convey shares.
Numerous stations in districts like Go Vap and seven and Thu Duc Metropolis have additionally put up such indicators regularly.
Le Van My, normal director of Hoc Mon Buying and selling Joint Inventory Firm, which owns 11 fuel stations and 21 retail brokers within the metropolis, mentioned provide is low now.
Every of the fuel stations was once allotted 5,000-10,000 liters a day, however are actually getting only one,000-2,000 liters, and typically as little as 700 liters.
Tran Duy Dong, director of the Ministry of Business and Commerce’s home market division, informed VnExpress: “This week and subsequent week, key enterprises will obtain larger volumes of imports, making up for the lowered provide by Nghi Son Refinery. In round 10 days, market demand and provide might be balanced”.
Nghi Son has been supplied with short-term financing to renew operations, however crude oil has not arrived but and so it’s nonetheless working at 55-60 % of capability, he revealed.
On March 15, it should return to full capability, he mentioned.
It should take main suppliers one other 30-45 days to obtain imported gasoline.
The Dung Quat Oil Refinery has elevated its capability from 103 % to 105 % because the Lunar New 12 months vacation in early February. The ministry needs it to function on the most capability potential.
By Feb. 1, greater than 205,000 cubic meters of imported gasoline and diesel had landed in Vietnamese ports.
Extra are on the best way. Petrolimex will get 180,000 cubic meters this month, PVOil, 66,000 cubic meters and Hong Duc, 80,000 cubic meters.
Although Dong expects provide and demand to be balanced within the subsequent 10 days, distributors anticipate the scarcity to proceed as a result of it’s nonetheless tough for Vietnamese oil refineries to function usually when the import of crude oil is sluggish and there’s a international scarcity because of the Ukraine disaster.
Within the home market, not solely fuel stations but in addition distributors and importers have suffered extreme losses.
My mentioned his firm racks up losses of a number of hundred million dong (VND100 million = $4,300) a day.