The Ministry of Finance on January 15 issued an official regulation letter ordering traders not to raise retail petrol prices.
At the same time, it and the Ministry of Industry and Trade allowed key petrol traders to use the fuel price stabilisation fund as of January 15 afternoon in line with the current circumstances.
The two Ministries decided to restart the use of fuel price stabilisation fund for petrol, kerosene ands mazut oil with support of 300 VND per litre while diesel oil is not covered under the latest compensation allowance.
Thus, as of mid-November 2012, retail fuel prices remain unchanged.
The RON92 fuel costs 23,150 VND per litre, after dropping 500VND per litre on November 11, 2012.
Last year, the petrol retail price was adjusted 12 times with six increases and six decreases. In the first two weeks of this month, the global oil price has shown signs of a slight increase./.VNA
At the same time, it and the Ministry of Industry and Trade allowed key petrol traders to use the fuel price stabilisation fund as of January 15 afternoon in line with the current circumstances.
The two Ministries decided to restart the use of fuel price stabilisation fund for petrol, kerosene ands mazut oil with support of 300 VND per litre while diesel oil is not covered under the latest compensation allowance.
Thus, as of mid-November 2012, retail fuel prices remain unchanged.
The RON92 fuel costs 23,150 VND per litre, after dropping 500VND per litre on November 11, 2012.
Last year, the petrol retail price was adjusted 12 times with six increases and six decreases. In the first two weeks of this month, the global oil price has shown signs of a slight increase./.VNA
