Ministries require not to increase petrol prices

SGGP
The Ministry of Finance and the Ministry of Industry and Trade required businesses to keep petrol price unchanged and increase spending of price subsidization fund in the price adjustment period on February 3.

Businesses have been required not to increase petrol price ahead of the Tet holiday (Photo: SGGP)

Businesses have been required not to increase petrol price ahead of the Tet holiday (Photo: SGGP)

That aims to control inflation, limit consumer price index increase, assist businesses and production and stabilize residents’ psychology ahead of the Lunar New Year Festival.
A liter of ethanol blend E5 RON 92 is now priced VND18,672, kerosene VND14,560, diesel VND15,959 and a kilogram of mazut is priced VND12,765 at the maximum.
The two ministries permit businesses to strongly increase the spending level from the price subsidization fund.
Specifically, it hikes from VND857 in the previous price adjustment period to VND1,141 a liter of E5 Ron 92, moves up by VND400 to VND400 a liter of RON95 and VND678 a liter of diesel, raises from VND460 to VND710 a liter of kerosene and from VND150 to VND320 a kilogram of mazut.

By NGOC QUANG – Translated by Hai Mien

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