The directive is part of an implementation plan following Conclusion No. 14-KL/TW dated March 20 by the Politburo and Official Dispatch No. 22 dated March 11 by the Prime Minister, both aimed at securing supply and stabilizing fuel prices under evolving market conditions.

Under the plan, units such as the Domestic Market Management and Development Agency, the Department of Oil, Gas and Coal, and the Import-Export Department will coordinate with fuel wholesalers, producers, distributors and local Departments of Industry and Trade.

These entities are tasked with closely monitoring global fuel market developments, forecasting supply-demand dynamics and price trends, and updating response scenarios accordingly to ensure sufficient supply for the domestic market.

The ministry also requires continued implementation of solutions outlined in Resolution No. 36 dated March 6, focusing on diversifying crude oil sources for refineries, maintaining operations and increasing domestic oil production.

At the same time, two major refineries are instructed to maintain maximum safe capacity, while ethanol and condensate plants are to be brought into operation to supplement supply.

Fuel distributors and wholesalers are required to strictly implement sourcing, import and storage plans, maintain mandatory commercial reserves and ensure adequate supply across distribution networks. They must also regulate supply between regions to avoid localized shortages and proactively prepare contingency plans for supply disruptions.

In parallel, the ministry is promoting energy efficiency measures, encouraging both individuals and businesses to reduce fuel consumption, prioritize public transportation, adopt electric vehicles and increase the use of biofuels to reduce dependence on conventional gasoline.

Authorities will intensify inspections and supervision of compliance with fuel trading regulations, with strict penalties for violations such as hoarding, speculation, unjustified suspension of sales, incorrect pricing and breaches in quality and measurement standards.

Major state-owned groups and enterprises in the energy sector have been assigned to maintain safe and stable refinery operations, optimize production output and increase supply to the domestic market. These entities are also required to proactively develop production and storage plans, diversify raw material sources and prepare contingency measures for market fluctuations.

Retail fuel businesses must ensure uninterrupted operations, maintain sufficient staffing and fully meet market demand. They are also required to strengthen coordination with the Ministry of Industry and Trade, the Ministry of Finance and other relevant agencies, providing timely reports to support regulatory decisions.

Looking ahead, the Ministry of Industry and Trade will continue working with the Ministry of Finance to review and expand national fuel reserves, as well as develop plans for their use in emergency situations.

Tam An