PVOIL ensures sufficient gasoline and oil supply during Lunar New Year 2024

In accordance with the direction of the Ministry of Industry and Trade in Directive No.01/CT-BCT dated January 02, 2024, implementing the Prime Minister's Official Dispatch on focusing on implementing solutions to ensure sufficient supply of gasoline and oil for production, business and consumption of people and businesses; Petrovietnam Oil Corporation (PVOIL) has synchronously deployed solutions, from ensuring sources, to transportation, storage, distribution, and retail; ensuring the supply of gasoline and oil for the market before, during and after the 2024 Lunar New Year. This is also the content that Vietnam Oil and Gas Group directed PVOIL to focus on implementing during the upcoming Lunar New Year.

On January 31, 2024, Mr. Doan Van Nhuom - President and CEO of PVOIL chaired a meeting with affiliated units and subsidiaries of PVOIL to check and review the work of ensuring goods supply for the market. According to the report at the meeting, the total volume of gasoline and oil sold to the market in January 2024 was 475,975 m3, an increase of 143,090 m3, equivalent to an increase of 43.6% compared to the same period in 2023.

Based on the assessment of market demand in February, PVOIL has built a plan to ensure sources from imported sources and receive goods from 02 domestic production plants, namely Dung Quat Refinery and Nghi Son Refinery and Petrochemical Plant to ensure meet the demand for the PVOIL system before, during and after the 2024 Lunar New Year. In addition, PVOIL has proactively worked with BSR and PVNDB to be able to proactively receive goods for March 2024 in order to meet the market demand that may increase sharply in February 2024.

Regarding the orientation of sales operation during the 2024 Lunar New Year, PVOIL will review and organize, operate sales appropriately, not to interrupt the supply of goods to the distribution system according to the following principles: Prioritize ensuring adequate supply and maintain regular sales at affiliated gas stations according to prescribed time; organize sales appropriately for customers in the distribution system in order of priority: industrial customers, agents, franchisees... in which, priority is given to customers who have been buying stably and only from PVOIL in the past.

PVOIL also strengthens the management of business activities at affiliated gas stations to ensure absolute safety in the operation of affiliated gas stations; strengthen the inspection of fire prevention and fighting, labor safety and environmental sanitation at affiliated gas stations to ensure absolute safety during operation.

Mr. Doan Van Nhuom emphasized the importance of strictly adhering to instructions from the Prime Minister, Ministry of Industry and Trade, and Vietnam Oil and Gas Group regarding gasoline supply before, during, and after the Lunar New Year. Specialized departments and business units must accurately forecast market demand and develop production plans accordingly. Securing imported and domestic sources remains crucial to meet consumption needs while ensuring business efficiency. Proactive contingency plans should be formulated to address potential scenarios, including those arising from global political situations impacting gasoline imports and system supply.

The President and CEO of PVOIL requested that business units, gas stations, water and road transportation systems, and retail gas station systems must maintain regular operation throughout the Lunar New Year; meet the full and timely needs of the market, not to let the supply of goods to the market be interrupted in any situation./.

Mr. Doan Van Nhuom - President and CEO of PVOIL chaired the meeting

Overview of the meeting on ensuring the supply of goods

PVOIL ensures the supply of gasoline and oil for the market

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