Ministry asks for unchanged fuel prices

January 17, 2013 | 09:00

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The Ministry of Finance on January 15 issued an official regulation letter ordering traders not to raise retail petrol prices.

>> Oil price cut VND300-500 per litre

>> Oil prices down in Asia

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 VND300 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 VND23,150 per litre, after dropping VND500 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.

QĐND

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