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In the context of the world energy market continuously being shaken by geopolitical conflicts and unprecedented fluctuations in oil prices, the role of key petroleum businesses such as Vietnam Petroleum Group (Petrolimex) is becoming especially important. Download Nha Be Warehouse SystemThe operation of state-owned enterprises in the field of petroleum business is not only an efficiency problem, but maintaining a stable petroleum supply in all situations is a political task associated with national energy security, macroeconomic stability and peoples lives. Recently, the petroleum supply in Vietnam has been strongly affected by fluctuations in world oil prices. According to data, in the first quarter of 2026, the price of finished oil on the international market sometimes increased by up to 50 USD/barrel in just one day, a level of fluctuation that is considered unprecedented in the history of the modern petroleum industry. Diesel oil price reached 292 USD/barrel, plus surcharges and logistics costs, causing the actual import price to reach 300-340 USD/barrel. A shipment of about 40,000 tons previously only required about 25-26 million USD, but during peak periods it has increased to 80-85 million USD. It can be seen that this is not only a simple business activity but also a political responsibility for economic stability and social life. When global supply is stressed, petroleum is not simply a commodity, but the lifeblood of the economy. If just one link in the supply chain is broken, it will have a knock-on impact on production, transportation, prices and market psychology. Closed supply chain - a core advantage to ensure supply. Petrolimexs difference in periods of market fluctuation lies not only in the size of its market share, but in its ability to operate a closed supply chain from logistics, storage, transportation to retail distribution. This is considered a shield to help businesses maintain a continuous flow of energy even in the most difficult times. Currently, Petrolimex holds nearly 50% of the domestic petroleum market share, with a network of more than 5,000 petroleum stores, of which more than 2,830 stores are directly owned by the Group, covering the whole country, from urban areas to mountainous, remote areas and islands. The Group owns a fleet of transport ships. The sea has a total tonnage of more than 500,000 DWT, a tank storage system with a total capacity of more than 2.2 million m3 and nearly 600 km of petroleum pipelines. This scale of infrastructure helps Petrolimex be proactive from importing, receiving goods at the port, storing at warehouses to transporting by road and distributing directly to consumers. This closed advantage helps significantly reduce intermediaries, limit cost pressure and increase proactiveness in dispatching goods. In fact, during a period of strong market fluctuations, high fuel prices and market surcharges, there has been a phenomenon of some businesses reducing imports, narrowing sales or selling moderately due to lack of supply, increased financial pressure and the risk of large losses. Meanwhile, Petrolimexs retail system still maintains continuous operations in accordance with regulations, especially in large urban areas such as Hanoi and Ho Chi Minh City. Petrolimex leaders said that due to a sudden increase in demand in early March 2026 with a growth rate of up to 50%, to ensure supply for the economy Petrolimex proactively negotiated additional imports in the first 10 days of March 2026 more on 30% of the plan is to increase reserves, minimize the risk of supply disruption, and ensure the lifeblood of the economy. Not only importing from traditional markets such as Singapore or Korea, Petrolimex also expanded its search for more suppliers to diversify its product sources. This shows that the problem of ensuring supply today is no longer simply a matter of price, but the ability to build a supplier network that is wide enough and flexible enough to respond to geopolitical fluctuations. Download Petrolimexs Petroleum Store Petroleum reserves - a costly but indispensable problem In the petroleum sector, maintaining large reserves means businesses have to spend huge financial resources. When oil prices increase sharply, the cost of generating resources and inventory increases exponentially. That is why many experts believe that reserve capacity is the economys silent shield against global energy shocks. According to Petrolimex leaders, during the period of strong oil price fluctuations in early 2026, the group still has to fulfill its responsibility to ensure storage according to regulations and maintain a guaranteed supply of goods for the entire system. The problem here is not just short-term profits, for businesses that play a key role in the national energy supply system like Petrolimex, the biggest priority is ensuring supply for the system, willing to sacrifice profits and resources to increase imports and maintain sales. continuously for the market. Energy experts assess that, in the petroleum sector, the role of state-owned enterprises lies not only in market competition but also in the ability to keep pace for the entire supply system. When the market is normal, businesses contribute to stabilitydistribution plan; When the market fluctuates, state-owned enterprises become the force responsible for ensuring energy security - This is also the spirit of Resolution 79 of the Politburo on state economic development. Despite great pressure from global oil price fluctuations, Petrolimex still targets consolidated sales output in 2026 to reach about 19.4 million m3/ton, an increase of about 10% compared to the previous year. Along with the task of ensuring supply, businesses are also promoting digital transformation, optimizing the distribution system, developing value-added services and gradually converting green, participating more deeply in the clean energy sector.PTTSee morePetrolimex commits to ensuring petroleum supply in al
