Trade ministry weighs in on Vietnam's temporary halt on petrol and oil imports

HANOI (Vietnam News/ANN): The proposal of temporarily halting the import of petrol and oil must be carefully considered to ensure national energy security and harmonise benefits between producers and consumers, Deputy Minister of Industry and Trade Do Thang Hai said.

In mid-April, the Vietnam Oil and Gas Group (PVN) urged relevant ministries to halt petrol and oil imports to support Dung Quất and Nghi Sơn refineries as domestic sales struggled, resulting in high inventories, sometimes at more than 90 per cent of their storage capacity.