The information was reported during a meeting held by the Civil Aviation Authority of Vietnam (CAAV) on March 9 with relevant agencies and companies to discuss response plans to fuel price increases caused by the regional conflict.

According to Bui Minh Dang, head of the Air Transport Department at CAAV, the complicated situation in the Middle East has pushed Jet A1 fuel prices to about three times previous levels. As a result, airlines’ operating costs have risen by an estimated 60-70%.

Fuel suppliers have also faced challenges in maintaining stable supply for aviation operations in Vietnam.

Tran Minh Tuan, General Director of the Vietnam Air Petrol Company Limited (Skypec), said the company sources most of its aviation fuel from Singapore, Thailand and China, accounting for about 70-80% of total supply, while the remainder comes from domestic refineries including Dung Quat and Nghi Son.

Skypec said it can guarantee fuel supplies for airlines until March 31, 2026, and has already placed orders for April 2026 demand. However, the company will continue monitoring developments in the Middle East to assess potential impacts on future supply.

Tuan suggested that CAAV advise both domestic and foreign airlines to optimise fuel use plans and provide relatively accurate fuel demand forecasts for the period from March to May 2026 so suppliers can arrange procurement and financing.

Airlines that fail to use committed volumes should adopt support measures in coordination with Skypec.

A representative of Petrolimex Aviation Fuel JSC also pledged to ensure fuel supply for airlines through the end of March 2026. However, supply for April 2026 remains uncertain as some previously signed orders may face cancellation.

The company called on airlines to strictly follow signed contracts to facilitate purchasing plans and reduce price risks. It also asked CAAV to report to the Government and the Ministry of Foreign Affairs in order to support the implementation of signed fuel shipments and facilitate cargo vessels transporting fuel to Vietnam.

At the meeting, CAAV Director Uong Viet Dung urged domestic fuel suppliers to maintain production and business operations to ensure stable fuel supply for aviation activities.

Airlines were also asked to honour contractual commitments, review their operational plans and reduce reliance on routes passing through the Middle East.

In addition, carriers were encouraged to optimise operating costs, maintain their flight networks and coordinate with the tourism sector to open new routes or increase flight frequencies to potential markets such as the Americas, Africa, Australia, Eastern Europe, India, Japan and the Republic of Korea.

Airlines were also urged to maintain service quality while implementing cost-saving measures, ensure transparency in information disclosure and strengthen communication with passengers to promptly resolve their concerns.

Vietnam assures stable fuel supply amid global energy market volatility

VOV.VN - The Ministry of Industry and Trade (MoIT) has affirmed that domestic fuel supply remains stable thanks to steady production from the country’s two major refineries and continued imports amid rising tensions in the Middle East.