Nghe An: 12 more gas stations and agents stop operating

In which, Yen Thanh is the locality with the largest number of gas stations ceasing operations with 4 establishments.Ngoc Vinh Gas Stationin hamlet 2, Tang Thanh commune; Kim Hoa petrol station in team 9, Van Thanh commune; Dong Tam Kinh Bac petrol station in hamlet 7, Lang Thanh commune; Luong Thuc Yen Thanh petrol station in block 2, Yen Thanh town.

Gasoline is a conditional business, so businesses that want to stop supplying must get permission from the authorities. In the photo: A store hung a sign saying it was out of gas, so it was inspected by the authorities. Photo courtesy (provided by CS)

Next is Nam Dan district with 2 stores that stopped operating: One store in Phuong Kieu hamlet, Trung Phuc Cuong commune and Huong Lien petrol station in Dong Cham hamlet, Nam Cat commune. Que Phong, Hoang Mai, Nghi Dan, Tan Ky, Nghi Loc, Con Cuong, Nghi Loc districts each have 1 store that stopped operating.

Luong Thuc Yen Thanh petrol station officially closed and had its petrol business certificate revoked. Photo: Document (Van Truong)

The representative of the Trade Management Department, Department of Industry and Trade said: except for one general agent, Huyen Vinh Company Limited in Hamlet 1, Nghi Quang Commune, most of the petrol stations that have ceased operations are small-scale, located on inconvenient routes and locations, so their business is not effective. Especially, since the State tightened the supply of petrol and oil and still maintains the current low discount rate, they are losing money. In addition, some stores and businesses, due to physical conditionsnot meeting fire prevention and fighting requirementsWhen renewing or renewing the certificate, due to health reasons, the business had to stop.

People come to buy gasoline at the gas station at the intersection of Le Hong Phong and Nguyen Thi Minh Khai streets (Vinh City). Photo (Quang An)

Although some stores have asked to close, the supply is still basically guaranteed; some stores are still licensed on National Highway 7C, coastal roads...

Currently, the supply of gasoline in Nghe An mainly comes from two sources:Nghe An Petroleum Companyaccounting for 55% of the market share and Thien Minh Duc Group Joint Stock Company accounts for 35% of the market share and the remaining distributors account for 10% of the market share including Petrolimex Nghe Tinh Transport and Service Joint Stock Company, Phuc An Maritime Joint Stock Company, Luu Nga Company Limited, Do Luong General Trading Joint Stock Company, Tien Nhat Trading and Service Joint Stock Company...

The storage system of Nghe An Petroleum Company in Nghi Huong (Cua Lo Town) and Hung Hoa (Vinh City) can store 58,500 m3 of gasoline. Photo (Nghe An Newspaper)

The whole province currently has 601 petrol stations that have been granted a Certificate of eligibility to retail petrol stations that is still valid. Compared to Thanh Hoa with only over 500 stations, Ha Tinh with only over 300 stations, the petrol distribution network in Nghe An is quite large.

On average, Nghe An market consumes from 58,000-60,000m³/month, of which Nghe An Petroleum Company supplies 32,000-33,000m³ gasoline, oil/month;Thien Minh Duc Group Joint Stock Companysupply about 20,000-22,000m³ gasoline, oil/month and other distributors supply about 6,000-7,000m³ gasoline, oil/month./.