As of 12 noon on November 1, 2022, there are 108 gas stations out of 550 in Ho Chi Minh City, of which 4 are applying for cessation of operations due to repair and closure procedures, accounting for nearly 20% of the number of gas stations in the city .

The above information was said by Mr. Bui Ta Hoang Vu, director of the Ministry of Industry and Trade of Ho Chi Minh City, at the meeting on the socio-economic development situation in the first 10 months of the year, which was held on the afternoon of April 1 November 2022.

Mr Vu added that the number of stores short of petrol is only 80% compared to the number of 137 stores that peaked on October 10, 2022 with no petrol for sale.

On average, Ho Chi Minh City consumes 6,880 m3 of gasoline and oil per day, distributed by 60 dealers and 15 key distributors.

Ho Chi Minh City is currently facing 3 difficulties.

The first, the offer is short. Partly because the Xuyen Viet Oil Company was de-licensed but has not yet returned to the market. This company imported and delivered up to 5,000 m3 of gasoline and oil to the city market every day.

Monday, The operating mechanism has not yet ensured harmonization of the interests of the parties in the oil supply and distribution chain. Retail stores are still in a very difficult situation, many retailers are losing money due to low discounts.

Tuesday, After each interdepartmental period of operation, there is a shock to the market, affecting the ability to meet people’s needs. The city has directed many reports and recommendations to the Interdepartmental Agencies of Industry, Commerce and Finance to adjust.

According to Mr. Vu, state-owned companies participating in the oil supply chain in Ho Chi Minh City account for only 25%, unlike Hanoi and other provinces, with the rest being private companies.

According to the regulation, the petrol price is the uniform sales price between the two regions (region 1 includes centrally managed cities, region 2 are remote towns). Due to the different shipping costs to different places, but the resale price is regulated uniformly, there are certain difficulties.

In the current context, Ho Chi Minh City had a solution to mobilize units with large import and distribution volumes to “carry the load” and currently Petrolimex is working at 200% capacity to make up for the missing units.

“Basically, we overcome part of the difficulty. However, in areas like District 12 and districts like Binh Chanh, Binh Tan, Hoc Mon and Cu Chi, there are many non-chain retail outlets that are in short supply,” Mr Vu stressed.