NOT TO USE NATIONAL RESERVE PETROL AND OIL IN BUSINESS
On May 15, 2020, the Prime Minister promulgates the Decision No. 16/2020/QD-TTg on providing the Regulation on management of national reserve petrol and oil.
Accordingly, the national reserve petrol and oil must be strictly controlled in terms of quantity and quality, ensuring confidentiality and safety; proactively responding to national reserve requirements and objectives. The use of national reserve petrol and oil must be in according to purpose and provisions of the law and not to use in business activities. National reserve petrol and oil after provided must be fully and promptly offset. In addition, expenses for preservation of national reserve petrol and oil also must be estimate in adequate as prescribed by law.
Detailed list of national reserve petrol and oil including: Automobile petrol, Diesel, Mazut oil, military fuel, fuel for civil aircraft, crude oil and other types of petrol and oil according to the Government's regulations. National reserve petrol and oil plan shall be formulated by the ministries and agencies in 5-years and annually plan and be synthesized in to national reserve plans.
This Decree takes effect on July 01, 2020.
