Minister Nguyen Hong Dien said that the Government has officially approved the Project on increasing the level of petroleum reserves, accordingly, the level of finished petroleum reserves will be increased from 440,000 to 800,000 - 900,000 m3, which means doubling the reserve capacity.
 |
| Minister Dien answered questions about gasoline reserve solutions. |
Counterfeit goods prevention, electricity, gasoline, export, taking advantage of FTAs... are the contents that many National Assembly deputies questioned the Head of Industry and Trade before the National Assembly Standing Committee on August 21.
Delegate Tran Van Tien (Vinh Phuc) asked the Minister of Industry and Trade to clarify the content of petroleum reserves, arguing: "With the current level of petroleum consumption, how long will the petroleum reserves of key traders and the country last and what is the reserve solution of the Ministry of Industry and Trade?"
Minister Nguyen Hong Dien said: “The Government has officially approved the Project on increasing the level of petroleum reserves. Accordingly, the level of finished petroleum reserves will increase from 440,000 to 800,000 - 900,000 m3 , which means doubling our reserve capacity. Currently, the reserve capacity is 7 days, now it will be doubled to about half a month.”
In addition, in the new decision, not only finished petroleum products but also crude oil, which is the input material for domestic oil refineries, will be reserved. Accordingly, crude oil capacity will ensure 15 to 20 days of net imports. These are two very new points in the Government's Decision.
Regarding investment in national petroleum and gas infrastructure, including petroleum reserves, Minister Nguyen Hong Dien said that the Government has also approved the planning of national petroleum and gas reserve and supply infrastructure and the plan to implement this planning has been deployed to localities.
Accordingly, there will be mechanisms and policies for investment from both the State and businesses and people. However, to invest from the State, it is necessary to set up technical standards.
“This is the responsibility of the Ministry of Finance. The Ministry of Industry and Trade is coordinating with the Ministry of Finance to submit to the Government standards and based on those standards, the Ministry of Industry and Trade will propose specific levels and specific types of goods to reserve,” said Minister Dien.
On the other hand, it also relies on the investment decision of the competent authority to deploy State investment in the petroleum reserve system. At the same time, mechanisms will be issued to attract social investment in this field.
However, the Minister emphasized that the most important thing is to amend the rental and infrastructure rental price list. Because the rental price list is too low, reaching only about 15-20% compared to the current market price level, it is not enough to encourage any entity, including state-owned enterprises assigned this task, the more they work, the more they lose. This issue needs to be corrected.
Regarding the adjustment and management of gasoline, the Minister said that the management in the past 2 years has been very stable because we have adjusted the price mechanism, adjusting from 10 days to 7 days, therefore, the fluctuation range between domestic prices and world prices is not large.
At the same time, there is a mechanism to adjust the actual costs incurred by businesses in the petroleum business sector from 6 months to 3 months. Even when there are major fluctuations, the Ministry of Industry and Trade and the Ministry of Finance propose to the Government to allow adjustments to update the actual costs incurred by businesses to ensure that businesses do not incur losses.
Comment (0)