MOF to inspect imported petrol prices

The Ministry of Finance (MoF) has established three teams to inspect the prices of imported fuel at four major domestic distributors

The Ministry of Finance (MoF) has established three teams to inspect the prices of imported fuel at four major domestic distributors including the Viet Nam National Petroleum Corporation (Petrolimex), PetroVietnam Oil Corporation, Sai Gon Petro Co Ltd and Dong Thap Petroleum Trading Co Ltd (Petimex).

Inspection teams are assigned to look into these distributors’ inventory fuel prices as of August 26, 2011 and imported fuel prices from January 1, 2011 to September 15, 2011.

Fuel trading activities and related expenses by these enterprises are expected to be clarified through the inspection.

The MoF is also taking a close look at the use of the Price Stabilisation Fund as of the middle of this month.

This move was part of MoF’s efforts to manage this essential commodity more effectively.
Viet Nam News Agency is scheduled to conduct an exclusive interview with Minister of Finance Vuong Dinh Hue about this matter later today.

Tags: Vietnam petrol, Vietnam Petrol prices