Vietnam's Refined Fuel Imports Hit 1.7 Bln USD In January-February

HANOI,March 9 (UrduPoint / Pakistan Point News - 9th Mar, 2023 ) :Vietnam imported 1.93 million tons of gasoline and oil products in the first two months this year, up 43.1 percent from a year earlier as costs jumped 56.3 percent to 1.7 billion U.S. Dollars, local media reported on Thursday.

Gasoline and diesel consumption is expected to trend higher along with the economy as Vietnam is recovering from the COVID-19 pandemic, said The Ministry of Industry and Trade.

Vietnam's crude oil imports more than doubled in the period to 1.78 million tons worth 1.1 billion U.S. dollars, according to the General Statistics Office.

Earlier this year, the ministry asked fuel importers to increase their purchases to ensure a stable supply for the local market until the end of the first quarter after Vietnam's largest oil refinery cut production by 20 percent to 25 percent in the first half of January due to a technical problem.