HANOI, March 9 (Xinhua) — Vietnam imported 1.93 million tons of gasoline and oil merchandise within the first two months this yr, up 43.1 % from a yr earlier as prices jumped 56.3 % to 1.7 billion U.S. {dollars}, native media reported on Thursday.
Gasoline and diesel consumption is anticipated to development increased together with the financial system as Vietnam is recovering from the COVID-19 pandemic, mentioned The Ministry of Trade and Commerce.
Vietnam’s crude oil imports greater than doubled within the interval to 1.78 million tons value 1.1 billion U.S. {dollars}, in response to the Normal Statistics Workplace.
Earlier this yr, the ministry requested gas importers to extend their purchases to make sure a steady provide for the native market till the top of the primary quarter after Vietnam’s largest oil refinery reduce manufacturing by 20 % to 25 % within the first half of January as a result of a technical downside.
Regardless of having a community of 38 distributors and 17,000 gasoline stations, Vietnam was confronted with an acute scarcity of gas final yr, forcing lots of of petrol stations in main cities to close down or restrict gross sales.
Vietnam at present has two home refineries producing 70 % to 80 % of the nation’s gas wants. The federal government is wanting into the potential of constructing a 3rd refinery with a full capability of processing 9 million tons of crude oil per yr within the northern Ninh Binh province, in response to the ministry.
