Ministry of Industry and Trade (Vietnam) suggests auctioning gasoline in national reserves to solve the shortage

The Vietnamese Government plans to auction 102 million tons of RON 92 gasoline from the National reserves this month to increase supply amid reports of shortages in some provinces.

Ministry of Industry and Trade (Vietnam) suggests auctioning gasoline in national reserves to solve the shortage

The Ministry of Industry and Trade has sought approval from the Ministries of Finance and the Ministry of Planning and Investment to sell RON 92 gasoline at VND 14,058 ($0.62) per liter.

RON 92 is used to make the E5 RON 92 biofuel, one of the two popular gasoline sold in Vietnam.

On Monday, the retail price of RON 95 gasoline was hiked by nearly 3.8 percent to a new high of VND 26,280 per liter.

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