Deputy PM asks for measures to ensure fuel supply

Deputy Prime Minister Le Minh Khai has asked the Ministry of Industry and Trade to take measures to ensure the stable supply of fuel and the effective operation of the fuel distribution system.
Deputy Prime Minister Le Minh Khai. (Photo: VNA)
Deputy Prime Minister Le Minh Khai. (Photo: VNA)

The request was made at a meeting of the Steering Committee on Price Regulation on October 13.

He stated that the global economic and political situation will remain complicated for the remainder of the year, especially the developments in fuel prices.

In Vietnam, inflationary pressure is rising as several tax support policies are going to expire, public disbursement is accelerating and the demand for consumer goods is expected to grow strongly, especially in the final months of the year.

Therefore, price management and regulation should continue to be implemented proactively and flexibly to keep inflation in check in 2022 and 2023.

Deputy PM Khai asked ministries and local authorities to watch the developments of supply-demand and prices closely to proactively take appropriate measures, especially those concerning essential goods such as fuel, food and transportation costs.

He stressed that monetary policy should be implemented in harmony with fiscal policy and other policies, to curb inflation and maintain macroeconomic stability.

In the first nine months of 2022, Vietnam’s consumer price index rose by 2.73% over the same period last year, while core inflation, which excludes the prices of volatile goods, stood at 1.88%.

Vietnam’s inflation is projected to average between 3.2-3.5% this year.