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Petrolimex urged to enhance petrol quality and competitiveness

The Government official made the request at the Petrolimex conference held in Hanoi on January 12 to review its operations in 2018 and set out plans for 2019.

The Deputy PM noted that the group must ensure reasonable petrol prices in order to create a driving force for sustainable development, while ensuring the quality of petrol products and meeting the requirements of environmental protection and gas emission reduction.

Petrolimex should closely coordinate with the Vietnam Oil and Gas Group in consuming petrol products produced by the Nghi Son and Dung Quat Refineries to ensure overall benefits, the Deputy PM added.

According to Petrolimex’s report, 2018 was the fourth consecutive year that Petrolimex fulfilled all set targets. The group sold nearly 13 million m3 of oil and petrol products with a total revenue of VND190 trillion (US$8.17 billion).

The group also reported positive business results in the areas of transport, petrochemical, insurance, banking, and others.

Deputy PM Dung noted that people still doubt the quality of E5 bio-fuel, thus the group needs to deploy more effective solutions to inform people of the quality and environmental impacts of the bio-fuel.

The Government official also asked Petrolimex to renew its working style and improve the service quality of its retail petrol stations amid the increasing competition from domestic and foreign petrol retailers.