Hanoi, March 9 -- Prompt policy measures by the Government and relevant ministries have helped stabilise Vietnam's fuel market and curb hoarding, despite sharp global oil price fluctuations driven by tensions in the Middle East.

Domestic fuel prices have been adjusted in line with global refined petroleum price movements. According to reports from local Departments of Industry and Trade, since March 8, following the latest price adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF), cases of fuel hoarding and queues for stockpiling have declined.

Measures under Government Resolution No. 36/NQ-CP are also being implemented to diversify crude oil sources for domestic refineries. MoIT continues to inspec...