Gas stations excited as gas discounts increase

A gas station in Quynh Luu district. Photo: Van Truong

Discount increase

It is known that from the beginning of March 2023, most gas stations in the province were notified by the sources, with the discount rate increasing simultaneously.

Mr. Van Tuan - owner of a petrol station in Tien Thuy commune, Quynh Luu district shared: For a long time, there has been almost no discount, now the discount for petrol is over 1,200 VND/liter, oil is 1,100 VND/liter, I am excited. Every day, the store sells nearly 1,000 liters of petrol and oil, with this discount, if it lasts long, it will be enough to pay for 3 workers and have a little profit.

The owner of Vinh Phuong petrol station in Nghi Yen commune, Nghi Loc district said: The store sells over 2,000 liters of petrol and oil every day. The discount rate in the past was only 300-400 VND/liter. But over the past 20 days, the distributor has increased the discount by 1,000 VND/liter of petrol and 700 VND/liter of oil. With the above discount rate, petrol and oil retailers will be able to "survive".

The gas station in Nghi Yen commune (Nghi Loc) operates normally. Photo: Van Truong

However, another gas station owner in Hung Nguyen district shared: Gasoline discounts increase, but can also decrease. We, the retail business, hope that in order to have a stable supply of gasoline and have goods to sell to consumers, the relevant industry needs to fundamentally solve the issue of discounts for retail businesses, so that we have a source of income to resume operations.

Representative of Nghe An Petroleum Company said: Nghe An Petroleum Company accounts for 55% of market share, has 83 petrol stations in the province. After balancing and calculating from the price of Vietnam Petroleum Group, fromOn March 14, Nghe An Petroleum Company increased the discount for retail gasoline stores from 900 VND to more than 1,000 VND/liter for gasoline and 700 VND/liter for oil.

"Currently, the Company's supply is stable. The issue of increasing or decreasing discounts still depends on many factors, including world oil prices" - Representative of Nghe An Petroleum Company shared more.

Ms. Tran Thi My Ha - Head of Trade Management Department of the Department of Industry and Trade explained that the reason for the recent increase in gasoline discounts is because corporations and key traders, after calculating costs and making a profit, share and increase the discount level with the distribution system.

Recently, the Department of Industry and TradeThe district has sent documents to competent authorities, as requested by the Ministry of Finance.The Ministry of Industry and Trade and the Ministry of Finance should review and agree to increase the cost of transporting gasoline from the factory to the port and the domestic premium level in the base price of gasoline during the gasoline price adjustment periods to ensure that it accurately reflects the actual costs incurred by businesses, helpingBusinesses increase discounts in the gasoline distribution system.

DKC petroleum depot in Nghi Thiet (Nghi Loc). Photo courtesy

Ensure no disruption in supply

Representative of Department of Industry and TradeHuong said: Nghe An province has 681 gas stations operating normally. Currently, the supply of gas in Nghe An mainly comes from two sources including Nghe An Petroleum Company, accounting for 55% of the market share and Thien Minh Duc Group Joint Stock Company, accounting for 35% of the market share and the remaining distributors account for 10% of the market share.

Department of Industry and TradeNghe An is continuing to direct key traders and petroleum distributors in the area to proactively balance domestic production and import sources to ensure a continuous supply of petroleum, providing adequate petroleum to franchise traders to avoid a shortage of petroleum supply to the market.

Department of Industry and Tradeguide petroleum traders in the area to comply with regulations onPetroleum business. Timely resolve difficulties and problems of petroleum traders according to authority.

Review the process of granting Certificates of eligibility to act as agents; Certificates of stores eligible to retail gasoline and oil to amend, supplement and implement in accordance with regulations, ensuring convenience for organizations and individuals operating in the gasoline and oil business in the area.

Mr. Nguyen Van Huong - Director of Nghe An Market Management Department said: To ensure supply and stabilize the gasoline and oil market in the area, the Market Management Department regularly coordinates with the Department of Industry and Trade and localities to strengthen inspection and closely monitor the entire system of traders in all types in compliance with gasoline and oil trading regulations.

Require units to commit to operating in accordance with the contents of the certificates and certificates of eligibility granted, promptly detect and strictly handle violations according to regulations. Petroleum is a strategic commodity, an input for many production and business sectors.