Sanaa:Prime Minister Saleumxay Kommasith outlined new government measures aimed at stabilizing the fuel supply and controlling prices during the Second Ordinary Session of the 10th National Assembly. The session took place on October 7, 2026, as he addressed inquiries from the National Assembly Standing Committee and its members.
According to Lao News Agency, Prime Minister Saleumxay highlighted the impact of regional and global tensions, such as trade conflicts and instability in the Middle East, on global energy prices and supply chains. These factors pose risks to Laos' fuel supply and domestic pricing, prompting the government to take action.
The government plans to enhance inspections of fuel importers, distributors, and retailers to prevent hoarding and unjustified price hikes. This includes ensuring compliance with the official pricing structure and preventing market manipulation. Companies involved in fuel import-export and distribution will be required to maintain strategic fuel reserves according to Decree No. 559/Gov and submit daily reports on imports and stocks via the DTOP system. The national fuel reserve target is set at 60 million liters or more.
To mitigate supply risks, the government encourages diversifying import sources from countries like Vietnam, China, and Singapore. Measures are also in place to ensure that fuel stations remain operational to serve households and production sectors.
The government will continue excise tax reductions on fuel products, as approved by the National Assembly, and promote the development of regional fuel storage facilities across Laos. Additionally, authorities are exploring participation in ASEAN joint fuel stockpiling arrangements and the feasibility of a petroleum pipeline with Vietnam to cut transport costs and reduce reliance on road-based shipments.
In the long term, plans include promoting domestic petroleum refining and reinforcing the Lao State Fuel Enterprise to stabilize the market and support fuel supplies when private-sector distribution is disrupted. The Prime Minister emphasized that these measures aim to secure fuel supply, enhance market transparency, and mitigate the effects of external energy shocks on the economy and livelihoods.