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Petrol production at Nghi Son refinery back to normal

Nghi Son oil refinery in the north-central province of Thanh Hoa resumed the production of RON92 and RON95 gasoline today, March 29, after a production suspension was reportedly triggered by a power-generation incident.

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A staff member is refilling a car in this file photo.
The production of gasoline at Nghi Son oil refinery plant has been resumed on March 29 - PHOTO: VNA

At a meeting held on March 28 in Hanoi, Deputy Minister of Industry and Trade Do Thang Hai said Nghi Son oil refinery plant, which supplies some 70% of the country’s fuel and holds a local fuel market share of 39%, encountered a power failure on February 24.

The ministry then had to convene meetings with local fuel traders and suppliers and called on the State-owned Binh Son Refining and Petrochemical Co., Ltd, operator of Dung Quat Oil Refinery in the central province of Quang Ngai, to increase its oil production to meet the local demand.

The Nghi Son plant, which was put into commercial operation in September last year, resumed operations on March 22 with the production of diesel oil. As of March 26, the plant’s gasoline production had met quality requirements.

The ministry also required the Vietnam National Petroleum Group to import additional fuel to ensure an adequate fuel supply in the country.

Deputy Prime Minister Vuong Dinh Hue at the meeting asked the trade ministry to team up with the Ministry of Finance to stay updated on the world’s latest fuel prices, aiming to promptly map out plans to adjust local fuel prices.

When making fuel price adjustments, the two ministries have to consider tapping and funding the fuel price stabilization fund appropriately, in case the world’s fuel prices are volatile, to keep the target inflation rate below 4%, noted the Deputy PM.

Further, the ministries were asked to make the prices of input materials for power generation public and transparent, as well as sales figures for electricity.


Sources: Thesaigontimes