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Fuel imports of Vietnam significantly reduced in Q1

According to data released by Ministry of Industry and Trade (MIT), fuel imports, expecially diesel, reduced in Quarter 1.

Petroleum imports reached more than 1.65 million cubic meter/tonne, recuded by 42% over the same time last year, and accounted for 16% of minimum quota in this year.

In detail, diesel and FO imports in the first three months this year decreased by 50% compared to the first three months last year, gasoline imports decline by 26% to 650,000 cubic meter and aviation fuel imports dropped by 23%.

While gasoline imports for re-exporting in the first quarter reached 860,000 cubic meter/tonne, fell by 1.6% over first quarter of last year.

As estimated by an agency from MIT, to April, total fuel imports of Vietnam may be at 2.3 million cubic meter/tonne, reduce by 40% over the same time in 2011.
 

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