The Ministry of Industry and Trade has just announced the time for managing gasoline prices during the 2025 Lunar New Year, based on the provisions of Decree No. 80/2023/ND-CP, amending and supplementing a number of articles of Decree No. 95/2021/ND-CP and Decree No. 83/2014/ND-CP on gasoline trading.
The announcement clearly states: “The time for managing gasoline prices is carried out every Thursday. In case the price management time coincides with the Lunar New Year holiday, it will be carried out as follows: If Thursday falls on the last day of the lunar year (29th or 30th of Lunar New Year), the gasoline price management will be carried out on the preceding Wednesday. If Thursday is the 1st, 2nd or 3rd day of Tet, the time for managing gasoline prices will be carried out on the 4th day of Tet."
With this regulation, the next gasoline price adjustment period falling on the 2nd day of the Lunar New Year (January 30, 2025) will be moved to Saturday, February 1, 2025 (the 4th day of the Lunar New Year).
The Ministry of Industry and Trade also noted: "In case the price management period coincides with a holiday according to regulations, it will be implemented as follows: If Thursday falls on the first day of the holiday, the petrol price management period will be implemented on the previous Wednesday. If Thursday falls on the remaining holidays, the petrol price management period will be implemented on the first working day after the holiday."
The Ministry of Industry and Trade requests that the Departments of Industry and Trade and enterprises trading and distributing petroleum products comply with the regulations and this notice. The adjustment aims to ensure stable management of petroleum prices, without causing disruption to the market and people's lives during Tet.
