The Government has just issued Resolution No. 69/NQ-CP implementing advance payments for the Gasoline and Oil Price Stabilization Fund from the increased central budget revenue in 2025.
The Government decided to implement advance payments to the Gasoline and Oil Price Stabilization Fund from the increased central budget revenue (NSTW) in 2025 at the request of the Ministry of Finance.
The Resolution clearly states that the deduction and use of the Gasoline and Oil Price Stabilization Fund is implemented according to the principle: Publicity, transparency, and limitation of abnormal gasoline and oil price increases.
The Government assigns the Ministry of Industry and Trade to proactively develop and decide on a plan to deduct and spend the Gasoline and Oil Price Stabilization Fund, depending on the level of fluctuation of gasoline and oil prices to manage the spending level of the specific Price Stabilization Fund (VND/liter, kg) for finished gasoline and oil products in order to stabilize domestic gasoline and oil prices; implement recovery to the state budget (NSNN) when the gasoline and oil market is stable.
The Government agreed on the policy of supplementing 8,000 billion VND of state budget expenditure estimates for 2026 for the Ministry of Industry and Trade from the increased revenue of the Central budget (NSTW) in 2025 to advance to the Gasoline and Oil Price Stabilization Fund as proposed by the Ministry of Finance in Official Dispatch No. 186/TTr-BTC dated March 25.
Assign the Prime Minister to issue a decision supplementing the 2026 budget expenditure estimate for the Ministry of Industry and Trade from the source of increased central budget revenue in 2025 to advance to the Gasoline and Oil Price Stabilization Fund.
The Government assigns tasks to preside over and coordinate the implementation of price stabilization for finished gasoline and oil products as follows:
The Ministry of Industry and Trade performs the function of state management of gasoline and oil prices in the field and scope of management according to the provisions of law, and organizes the implementation of price stabilization for goods and services under the state management function of industries and fields.
Assign the Ministry of Industry and Trade with the responsibility of being the management agency of gasoline and oil businesses, managing and operating domestic gasoline and oil supply and demand, proactively organizing the implementation of temporary advances from the state budget revenue increase source in 2025 for the gasoline and oil price stabilization fund at key gasoline and oil traders to manage and use the gasoline and oil price stabilization fund.
The Ministry of Industry and Trade is the focal point for proposing the need for advance payments to the Gasoline and Oil Price Stabilization Fund from the increased central budget revenue in 2025; receiving budget funds and organizing the implementation of management, guidance, monitoring, inspection, and supervision of the situation of gasoline and oil price stabilization fund spending.
The Ministry of Industry and Trade develops and decides on domestic gasoline and oil price management scenarios, including calculating the usage time and setting up the Gasoline and Oil Price Stabilization Fund to repay the state budget according to regulations after world prices decrease, the gasoline and oil market stabilizes; the maximum repayment time is 12 months from the date the Ministry of Industry and Trade has a Decision to set up the Fund to repay the state budget.
The Ministry of Finance is responsible for coordinating with the Ministry of Industry and Trade to organize the implementation, guidance, inspection, and supervision of the implementation of the Decision on stabilizing prices of finished gasoline and oil products; as well as coordinating the implementation, guidance, monitoring and inspection, and supervision of the implementation situation, ensuring publicity and transparency in the management and use of the Gasoline and Oil Price Stabilization Fund.
Key petroleum traders implement the correct level of deduction and expenditure when there is a decision from the Ministry of Industry and Trade on the level of deduction and expenditure of the petroleum price stabilization fund; strictly implement the requirement for circulation reserves, minimum total petroleum supply; ensure continuous supply of goods to serve people even when prices fluctuate.
The above Resolution takes effect from March 27, 2026.
