Based on the management of the Ministry of Industry and Trade - Ministry of Finance, businesses simultaneously adjusted gasoline prices from 3:00 p.m. today (August 29).
Compared to 7 days ago, the price of E5 gasoline decreased by 90 VND/liter, the selling price is 20,330 VND/liter. The price of RON 95 gasoline decreased by 210 VND/liter, the selling price is 21,100 VND/liter.
Similarly, diesel price was also adjusted down by 300 VND/liter, selling price to 18,470 VND/liter.
Currently, the petroleum price stabilization fund of some key enterprises still records a large positive level because in many recent management periods, the fund has not been used.
According to the 4th draft of the Decree on petroleum trading that has just been completed by the Ministry of Industry and Trade, the balance of the Petroleum Price Stabilization Fund, instead of being kept at the main enterprises as it is now, will be considered for transfer to the budget. The establishment and disbursement of this fund will be carried out in accordance with the 2023 Law on Prices.
Regarding the consumption and storage of gasoline and oil, in response to the question-and-answer session of the National Assembly Standing Committee on August 21, Minister of Industry and Trade Nguyen Hong Dien said that the Government has officially approved the project to increase the level of gasoline and oil reserves. Accordingly, the level of finished gasoline and oil reserves will be increased from 440,000m3 to 800,000-900,000m3, which is a doubling. The reserve capacity will be increased from 7 days to half a month.
In addition, in the new decision, not only the reserve of finished petroleum products but also the reserve of crude oil - the input material for domestic oil refineries - will be increased. Accordingly, the crude oil capacity will ensure 15-20 days of net imports.
Minister Nguyen Hong Dien affirmed that the management of the petroleum market has been very stable recently because the management agency has adjusted the price mechanism, the time for managing petroleum prices from 10 days to 7 days. Since then, the fluctuation range between domestic and world petroleum prices is no longer as large as before.
In addition, the management agency has a mechanism to adjust the actual costs incurred by enterprises in the petroleum business sector from 6 months to 3 months. When there are major fluctuations, the Ministry of Industry and Trade and the Ministry of Finance propose to the Government to allow adjustments to update the actual costs incurred by enterprises to ensure that enterprises do not incur losses.
TH (according to Vietnamnet)Source: https://baohaiduong.vn/gia-xang-giam-lan-thu-2-lien-tiep-ron-95-ve-sat-21-000-dong-lit-391622.html
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