Vietnam ensures sufficient fuel supply through April amid global uncertainties

[VOVWORLD] - Vietnam’s domestic fuel supply is sufficient to meet demand through the end of April, authorities said at the Government’s regular press conference on Satuday, amid rising global energy concerns due to the escalating tensions in the Middle East.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said the ongoing conflict has had significant repercussions for global petroleum and gas supplies. In response, since early March 2026, the Politburo, the Government, the Prime Minister, and the Ministry of Industry and Trade have proactively developed contingency plans to manage fuel supply and pricing.

As of March 31, output at the Dung Quat Oil Refinery has increased 10%. Both the Dung Quat Refinery and the Nghi Son Refinery are able to secure sufficient feedstock to sustain production through the end of April 2026.

Regarding supply-demand management and pricing, the Ministry reaffirmed its commitment to key principles: safeguarding national energy security, maintaining proactive control over domestic fuel prices, and ensuring a stable supply that balances the interests of the state, businesses, and consumers.

To further strengthen supply resilience, the Ministry of Industry and Trade will continue to boost domestic production capacity, diversify energy sources, accelerate the development of alternative fuels including E10 biofuel and enhance national fuel reserves.