Da Nang posts hotline numbers, warns against fuel hoarding

Pham Ngoc Son, head of the city’s market surveillance agency, confirmed to Tuoi Tre (Youth) newspaper on Sunday that more than 260 fuel stations now display two hotline numbers, including a citywide line (0829.001.799) and the contact of local market surveillance team leaders.

Both operate 24 hours a day to receive complaints about fuel trading practices.

Officials said fuel supplies remain abundant, with no signs of shortages or long queues.

Nguyen Van Thanh, deputy director of Hoa Khanh Trading and Services Co., which runs 15 fuel stations in Da Nang, assured that reserves are sufficient for at least 20 days as required, with additional stockpiles prepared.

“We source fuel domestically, so despite Middle East fluctuations, our supply is stable,” he explained.

The market surveillance agency warned residents against bringing cans or barrels to buy fuel for storage.

“Keeping fuel in improper containers poses serious fire and explosion risks, endangering lives and property,” Son said.

The agency also pledged strict action against stations found violating regulations, such as failing to display prices, selling above listed rates, falsely claiming shortages, or opening later and closing earlier than announced.

The move aims to reassure the public amid recent concerns over rising global oil prices.

On Monday, oil prices surged about 20 percent, hitting their highest since July 2022, as the expanding U.S.-Israeli attack on Iran ‌led some major Middle Eastern oil producers to cut supplies and on fears of prolonged disruption to shipping through the Strait of Hormuz chokepoint, according to Reuters.

In Vietnam, retail fuel prices rose sharply on Saturday afternoon, the second increase in three days, after the government activated emergency pricing rules following a surge in global oil prices linked to tensions between the U.S., Israel, and Iran.

Under the latest adjustment, the retail price of RON95-III gasoline was capped at VND27,047 (US$1.03) per liter, up VND4,707 ($0.18) from the previous base price.

The price of E5 RON92 gasoline rose by VND3,777 ($0.14) to a maximum of VND25,226 ($0.96) per liter.

Diesel 0.05S increased by VND7,207 ($0.27) to no more than VND30,239 ($1.15) per liter, while kerosene rose by VND8,490 ($0.32) to VND35,091 ($1.34) per liter.

The price of 180CST 3.5S fuel oil increased by VND3,831 ($0.15) to a maximum of VND21,327 ($0.81) per kilogram.

Escalating military tensions between the U.S., Israel, and Iran in the Middle East since February 27 have disrupted global fuel supplies, as about 20 percent of the world's oil passes through the Strait of Hormuz between Iran and Oman.