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Ministry adjusts fuel import quotas at year's end

Dec 28th at 13:10
28-12-2012 13:10:02+07:00

Ministry adjusts fuel import quotas at year's end

The Ministry of Industry and Trade has reduced the minimum fuel import quotas for 10 petroleum importers for the final days of the year. The major importer, Petrolimex, will see the largest reduction in its quota, from 5.8 to 4.9 million tonnes, while PetroVietnam Oil Corporation's quota will be lessened by 336,000 tonnes and Petec's by 315,000 tonnes.

Two other companies, Dong Thap Petroleum Trading Co Ltd and Petrolimex Jet Fuel Joint Stock Co, saw their import quotas increase.

Customs statistics show that fuel imports through December 15 had reached over 8.8 million tonnes, with a value of US$ 8.6 billion, down $953 million from the same period last year.

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