High gasoline and oil discounts make retail businesses in Nghe An excited
Discounts for petrol and oil dealers in Nghe An were often zero, causing business losses. However, from the beginning of March 2024 until now, the high discount rate for petrol and oil has remained stable.
Discounts increase, agents are excited
Ms. Tran Thi Loan - owner of a petrol and oil store in Giat town, Quynh Luu district shared: For a long time, the discount was low, even at times it was 0, but from March 2024, the discount on petrol and oil increased, reaching an average of 1,100 VND/liter to 1,400 VND/liter. This discount level has remained stable for over 5 months.
Every day the store sells nearly 6,000 liters of gasoline and oil. With this discount, the unit has enough salary to cover the salary of 4 workers and after deducting other expenses, it still has a profit of 600 VND/liter. According to Ms. Loan, the current supply of gasoline and oil is quite stable, every 2-3 days the gasoline and oil supplier provides 20 m3gasoline, oil
The owner of a petrol station in Yen Thanh town, Yen Thanh district said: The station sells over 1,100 liters of petrol and oil every day. With the above discount rate, the petrol and oil retail station has enough money to cover expenses and make a profit, however, it needs long-term stability.
Mr. Vo Anh Tuan - Deputy Director of Nghe An Petroleum Company said: Nghe An Petroleum Company accounts for 55% of the market share, with 83 petrol and oil stores in the province. From around March 2024 up to now, the discount rate for petrol and oil retail stores has been quite high, from 1,200 - 1,500 VND/liter, sometimes increasing to 2,000 VND/liter.
The unit's supply source is stable. From the beginning of 2024 until now, Nghe An Petroleum Company has supplied 426,000 m3gasoline and oil for 3 provinces Nghe An, Ha Tinh, Quang Binh, of which 192,000 m3 is supplied to Nghe An.3, supplying Ha Tinh and Quang Binh is 234,000 m3.
Mr. Nguyen Van Hiep - Head of Trade Management Department of the Department of Industry and Trade explained that the reason for the recent increase in gasoline and oil discounts is that the current world gasoline and oil situation is gradually stabilizing, and the two oil refineries Nghi Son and Dung Quat have gone into production.
When corporations and key traders make profits, they will share and increase the discount rate with the distribution system. Recently, the Department of Industry and Trade has sent documents to competent authorities and sectors, such as requesting the Ministry of Finance to consider reasonable costs for key enterprises to increase discounts for retail stores of gasoline and oil.
Ensure enough supply
According to the report of the Department of Industry and Trade, Nghe An currently has over 600 petrol and oil stores. The average demand for petrol and oil in the province is from 58,000 to 60,000 m3/month. The supply of gasoline and oil in Nghe An province includes: Nghe An Petroleum Company (accounting for about 55% of market share) supplying about 35,000 - 38,000m3gasoline, oil/month; Thien Minh Duc Group Joint Stock Company (accounting for about 15% market share) meets about 9,000m3gasoline, oil/month
Other distributors account for 30% of the market share, meeting about 15,000 - 18,000m3gasoline, oil/month. In general, the gasoline and oil supply system in Nghe An province meets the consumption and production needs in the area. The gasoline and oil retail store system is still operating normally, and there is no shortage of gasoline and oil supply.
The Department of Industry and Trade continues to direct key traders and petrol and oil distributors in the area to proactively exploit petrol and oil supply sources, implement petrol and oil import plans according to assigned quotas to ensure adequate and continuous supply of petrol and oil to the market; share supply sources, adjust reasonable discounts to ensure uninterrupted supply of petrol and oil to the market in all situations.
Strengthen the inspection and direction of the supply, distribution and retail of gasoline and oil by gasoline and oil businesses in the area. Timely handle violations according to regulations to ensure a stable and uninterrupted supply of gasoline and oil, meeting the production and consumption needs of people in the province.
The Market Management Department strengthens the management of the area, coordinates forces in inspecting and supervising gasoline and oil trading units (distributors, general agents, agents, gasoline and oil retail stores), promptly detects and handles acts of speculation, hoarding, creating shortages of gasoline and oil supply, stopping retail gasoline and oil supply and other related violations. The inspection and supervision process does not affect the operations of gasoline and oil trading units.
Require gasoline and oil businesses to commit to strictly complying with regulations on maintaining gasoline and oil supply in the system and at retail stores, posting prices and selling at the listed prices. Commit to ensuring gasoline and oil supply to serve the production, business and consumption needs of people and businesses in all situations. Do not hoard goods, speculate, hoard, spread false information for profit, do not reduce sales time. Do not arbitrarily stop selling without approval from the Department of Industry and Trade.
