Vietnam urges people to work from home to save fuel as Iran war disrupts supplies

robot
Abstract generation in progress
  • Companies

  • Vietnam National Petroleum Group

    Follow

HANOI, March 10 (Reuters) - Vietnam’s trade ministry has called on local businesses to encourage their employees to work ​from home as part of efforts to save ‌on fuel amid supply disruptions and price surges triggered by the Iran war.

Vietnam has been among the countries hardest ​hit by fuel disruptions since the U.S.-Israeli ​war on Iran began, being heavily reliant on energy imports ⁠from the Middle East, the government said in ​a statement on Tuesday, citing a report from ​the Ministry of Industry and Trade.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

  • Businesses need to “encourage work-from-home when possible to reduce the need for travel and transportation,” the ​statement said.

  • Prices for gasoline in the Southeast Asian ​country have risen by 32%, diesel by 56% and kerosene by ‌80% ⁠since the end of last month, according to data from top fuel trader Petrolimex.

  • Long lines of cars and motorbikes were seen queuing at petrol stations ​in capital ​Hanoi on Tuesday.

  • The ⁠ministry also calls on businesses and individuals not to hoard or speculate ​on fuel, according to the statement.

  • Prime Minister ​Pham ⁠Minh Minh made phone calls on Monday to his counterparts in Kuwait, Qatar and UAE to secure supplies ⁠of ​fuels and crude oil.

  • Vietnam on ​Monday decided to remove import tariffs on fuels, effective until the end ​of April.

Reporting by Khanh Vu; Editing by David Stanway

Our Standards: The Thomson Reuters Trust Principles., opens new tab

  • Suggested Topics:
  • Energy
  • Refining
  • Transport Fuels
  • Fuel Oil

Share

  • X

  • Facebook

  • Linkedin

  • Email

  • Link

Purchase Licensing Rights

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin