Petroleum imports skyrocket in two months
VOV.VN - Vietnam spent approximately US$1.7 billion on importing petroleum of all kinds during the initial two months of the year, an increase of 56.3% year on year, with crude oil imports witnessing a 2.2-fold rise in volume and a 2.1 fold-rise in value, according to statistics released by the Ministry of Industry and Trade.
A representative of the Vietnam National Petroleum Group (Petrolimex) said that between January 20 and February 21, the group imported 168,596 cubic metres (m3) of petrol, 162,308 m3 of diesel, and 24,931 m3 of mazut oil to supply the domestic market.
Meanwhile, domestic refineries’ import volume for petrol, diesel, and kerosene stood at 284,369 m3, 245,619 m3, and 1,651 m3, respectively.
Petrolimex's domestic sales volume during the reviewed period was 435,800 m3 for gasoline, 344,935m3 for diesel oil, 1,961 m3 for kerosene, and 18,171 m3 for mazut oil.
Vietnam spent a total of US$46.62 billion on importing goods in the past two months, a decline of 16% against the same period from last year.
Most notably, there are 13 import items worth over US$1 billion each, accounting for 69.1% of the total import turnover, including two items with turnover reaching over US$5 billion, accounting for 39.3%.
