Petroleum Price Stabilization Fund remains 5,222.545 billion VND

VCN- On the afternoon 20 November 2017, the Ministry of Finance announced the deduction, use and interest arising on the balance of Petroleum Price Stabilization Fund in the third quarter of 2017. Accordingly, the balance of the fund was 5,222.545 billion VND.
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petroleum price stabilization fund remains 5222545 billion vnd
The balance until the end of the third quarter was over 5 trillion VND. Photo: H.V

According to the Ministry of Finance, the total amount of deduction from the Price Stabilization fund in the third quarter was 1,479.966 billion VND. The total amount of using Price Stabilization Fund was 238.558 billion VND.

The interest arising on the balance of Price Stabilization Fund in the third quarter with the positive number was 5.525 billion VND. The interest arising on the balance of the fund with the negative number was 53 million VND.

Statistics showed that Petrolimex had the highest amount of balance with over 3,131 billion VND. PetroVietnam Oil Corporation was over 457.6 billion VND, Military Petroleum Corporation was 381.637 billion VND, Saigon Petro Co., Ltd was 352.7 billion VND and Thanh Le Import-Export Company was 164.8 billion VND.

petroleum price stabilization fund remains 5222545 billion vnd Taxes on petrol and petrol prices in Vietnam are lower than in other countries in the world

VCN- At a regular press conference of the Ministry of Finance for the third quarter, Mr. Pham ...

5 of 27 leading businesses had balance with a negative number. Namviet Oil Refinery and Petrochemicals JSC had the highest negative level with 24.6 billion VND.

Previously, the balance of the Price Stabilization Fund on 1 January 2017 was 2,389.891 billion VND, until the end of 31 March 2017 was 2,864.527 billion VND and until the end of 30 June 2017 was 3,975.665 billion VND.

By Hong Van/Ngoc Loan

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