The petroleum stabilization fund still has more than VND 6,067 billion

Thạch Lam |

The Department of Domestic Market Management and Development - Ministry of Industry and Trade informed - by the end of 2024, the Petroleum Price Stabilization Fund still has a surplus of VND 6,067.2 billion.

This balance is currently held at 30 petroleum traders. The balance does not include the balance of the Petroleum Price Stabilization Fund of traders who are no longer petroleum traders.

The largest balance is at Vietnam National Petroleum Group (Petrolimex) of VND 3,080 billion; Ho Chi Minh City Petroleum Company Limited of VND 328.3 billion; Vietnam National Petroleum Corporation (PV Oil) of VND 138.4 billion; Vietnam National Petroleum Corporation - Military Petroleum Corporation of VND 299.8 billion; Dong Thap Petroleum Trading Joint Stock Company of VND 460.5 billion...

The interest arising from the balance of the Petroleum Price Stabilization Fund as of the end of 2024 is 3.17 billion VND.

The source of the Petroleum Price Stabilization Fund is set aside through the purchase price, paid by consumers but managed at enterprises, and the use of the fund is decided by the operator.

The Ministry of Industry and Trade publicize the balance of petrol price stabilization fund in order to continue implementing the principle of transparency in the management of petrol prices as prescribed in Decree No. 83/2014/ND-CP dated March 3, 2014 and Decree 95/2021/ND-CP amending a number of articles of the Government's Decree 83 on petroleum trading.

Thạch Lam
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