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Ministry activates fuel price stabilisation fund

Jan 30th at 13:14
30-01-2013 13:14:04+07:00

Ministry activates fuel price stabilisation fund

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

At the same time, it and the Ministry of Industry and Trade allowed key petrol traders to increase the use of fuel price stabilisation fund in line with the current circumstances, helping to balance the base price and retail price.

Accordingly, as of Monday afternoon, every litre of petrol, diesel oil, kerosene and oil gets the support of VND500 ($0.024), VND200 ($0.009), VND400 ($0.019) and VND400 ($0.019) respectively from the fuel price stabilisation fund.

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