MoF instructs to keep gasoline prices unchanged

The Vietnam Ministry of Finance (MoF) this morning requested gasoline firms to keep the domestic prices of gasoline unchanged despite the recent gasoline prices hike in the world market.

The gasoline traders is likely to sell retail gasoline at a loss of VND1,000/liter as the prices of world oil currently stand above $80/barrel, the Ministry said.

The state-owned Vietnam National Petroleum Corp (Petrolimex), the national biggest petroleum trader quoted gasoline A92 average price of $85.32 a barrel on October 20.

The Ministry allows the gasoline firms to get a subsidy from gasoline stabilization funds of VND550/liter for diesel petrol and oil, VND700/liter for kerosene and VNd250/liter for Mazut.

Earlier, on October 12, the Vietnam Prime Minister has requested the relevant ministries and agencies to take measures to stabilize the prices of goods and services in the rest of this year to curb inflation at 8% this year.

Currently, a liter of gasoline A92 is sold at VND16,400, gasoline A95 at VND16,900, diesel 0.25S VND14,700, diesel 0.05S VND14,750 and kerosene VND15,100, Petrolimex said. – Stoxplus.com

Tags: Vietnam gas, Vietnam Gas prices