Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Energy  >> Fuel traders told to keep prices steady
NEWS UPDATES Asean Affairs   25 October 2013  

Fuel traders told to keep prices steady

Vietnam: The Ministry of Finance has told fuel wholesalers to limit their use of the price stabilisation fund from VND300 to VND200 per litre.

The decision was announced in Dispatch No14239/BTC-QLG on fuel price management, in which the ministry said it would keep fuel prices, import tariffs and deductions for the price stabilization fund unchanged.

Currently, the reference price of gasoline is VND24,084 per litre, while the retail price is around VND23,880 per litre.

Similarly, each litre of diesel and kerosene is now sold for VND22,310 and VND22,020, while their reference prices are VND22,902 and VND22,934 respectively.

For diesel, the ministry has permitted fuel wholesalers to continue earning commissions of VND100 per litre and charging VND300 per litre to the price stabilisation fund, to limit price increases.

Petrol hubs selling kerosene are expected to retain earnings of VND100 per litre and reduce the use of the price stabilisation fund to VND700 from VND800.

For mazut, traders will continue to take VND200 per litre from the fund.

The price stabilisation fund was reported to be sitting at VND58.6 billion (US$2.7 million) at the end of September, after rising over VND 3billion ($141,911), the Ministry of Finance stated on its website.

According to the latest statistics, of the 12 petrol dealers who contributed to the fund, six of them had a positive fund balance. Petrolimex's September balance stayed over VND205 billion ($9.7 million), while the Military Petroleum Corporation with over VND180 billion.

Meanwhile, as of September 30, PVOil reported a negative fund balance of more than VND209 billion ($9.88 million), while Petec Trading & Investment Corporation also saw a loss of over VND145 billion ($6.86 million).

Recently, Minister of Finance Dinh Tien Dung stated that the ministry would publish data on a quarterly basis rather than each month, to minimise costs to relevant agencies.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   25 October 2013 Subsribe Now !
• Operating Indicators for September 2013 Subcribe: Asean Affairs Global Magazine
• Fuel traders told to keep prices steady Asean Affairs Premium
• Garment exports up, margins down
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• U.S. Companies Look to Expand Investments in the Philippines
• MAS hopes govt will continue to invest in aviation infrastructure
• Too much credit, not enough savings: Bankers
Asean Analysis          25 October  2013 Advertise Your Brand
• Asean Analysis- October 25, 2013
END WTO's rule
Asean Stock Watch     23-24 October  2013
• The Biweekly Update 18 October 13 • Asean Stock Watch-October 23-24

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand