Business

Fuel price stabilisation data to be published

Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance to publicise the management and use of the fuel price stabilisation fund every quarter on the Ministry’s website.
Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance topublicise the management and use of the fuel price stabilisation fundevery quarter on the Ministry’s website.

This was to enhancethe transparency of the fund as well as providing official informationto relevant organisations and residents.

Deputy Director of thePrice Management Department Nguyen Anh Tuan said that the fund wasunder the management of the Ministry of Industry and Trade, not thepetrol enterprises.

The Ministry of Industry and Trade saidthat Circular 84/2009/ND-CP regarding petrol businesses will be amendedand submitted to the Government before the end of June.

Thefuel price stabilsiation fund was founded based on Circular 84, underwhich wholesale petrol enterprises must set aside funds to stabiliseprices.

Petrol prices were cut three times last month by atotal of 1,200 VND (0.057 USD) per litre after an increase of 1,400 VND(0.067 USD) to a record high of 24,550 VND (1.17 USD) per litre at theend of March.-VNA
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