The Ministry of Industry and Trade affirmed that the total domestic petroleum source is not affected by the inspection of petroleum wholesalers and distributors.

In the first half of 2024, the Ministry of Industry and Trade issued a Decision to inspect the maintenance of petroleum trading conditions of 6 wholesale traders and 8 distributors.

The inspection aims to implement state management regulations in petroleum business.

In addition, through reviewing the report on maintaining business conditions, the Ministry has directed the General Department of Market Management to inspect 4 key traders and 20 distributors with signs of violations for consideration and handling according to regulations.

Ms. Nguyen Thuy Hien, Deputy Director of the Domestic Market Department (Ministry of Industry and Trade) said: " Every year, according to regulations on state management in petroleum business, the Ministry regularly plans to inspect the maintenance of business conditions of petroleum traders".

According to the plan, the Ministry will inspect all wholesale traders and petroleum distributors, large or small.

"This inspection is not related to and does not affect the total domestic petroleum source," said Ms. Hien.

Regarding the compliance with legal regulations of petroleum traders, the Ministry of Industry and Trade assessed: "In the first 6 months of the year, traders basically complied with legal regulations on petroleum trading, reported on maintaining and changing the distribution system, reported on production, export, import, inventory, reported on the price stabilization fund, declared selling prices... periodically according to regulations and suddenly according to the Ministry's request. However, there are still some traders who have not proactively reported, so the Ministry has to remind them.

In 2024, the total minimum source of gasoline and oil that the Ministry of Industry and Trade will allocate to key gasoline and oil traders (36 traders) will be 28.4 million m3/ton of all types of gasoline and oil.

In the first 6 months of 2024, according to reports from Dung Quat and Nghi Son oil refineries and the General Department of Customs, the total production and import of gasoline and oil reached 12.41 million tons, equivalent to about 15.2 million m3/ton, of which: imports accounted for 44.5%, domestic production accounted for 55.5%.

According to reports from key petroleum traders, the total imported and domestic purchases in the first 6 months of 2024 reached 13.8 million m3/ton of all kinds of petroleum, equal to 48% of the total minimum source assigned by the Ministry of Industry and Trade, down 0.28% over the same period (the first 6 months of 2023 reached 14.2 million m3/ton of all kinds of petroleum).

Consumption in the first 6 months of 2024: about 13.2 million m3 tons. Inventory as of June 30, 2024 is about 1.85 million m3/ton, equivalent to the same period.

According to the Domestic Market Department, it is expected that in the last 6 months of 2024, the total production and import of all kinds of gasoline and oil will be about 12.76 million tons, equivalent to about 15.3 million m3/ton.

Total production and import sources in the last 6 months of 2024 (according to traders' reports) are estimated at about 13.3 million m3/ton of all kinds of gasoline and oil.

Estimated consumption in the last 6 months of 2024 is about 13.2 million m3/ton (average about 2.2 million m3/ton/month). Inventory is from 1.8 - 2 million tons.

Thus, the supply of gasoline from now until the end of the year will be sufficient to meet the needs of people and manufacturing enterprises.