Three options for Petroleum Price Stabilization Fund

Three options for Petroleum Price Stabilization Fund

VCN - According to the Ministry of Industry and Trade, the Petroleum Price Stabilization Fund is the only flexible tool for the State to control petrol prices in each price management period. Therefore, Price Stabilization Fund elimination also means quitting the petrol price management.
Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

VCN – At the end of the second quarter, the Petroleum Price Stabilization Fund balance remains about VND310.8 billion, the Ministry of Finance has said.
Oil price drops sharply, surplus of petroleum price stabilization fund was VND 2,779.5 billion

Oil price drops sharply, surplus of petroleum price stabilization fund was VND 2,779.5 billion

VCN- In 2019, the first quarter deficit was more than VND620.6 billion, the second quarter deficit nearly VND500 billion; the third quarter surplus more than VND2,000 billion.
It is necessary to maintain the Petroleum Price Stabilization Fund

It is necessary to maintain the Petroleum Price Stabilization Fund

VCN- In a recent discussion at the National Assembly on socio-economic development, Deputy Prime Minister VuongDinh Hue elaborated on many issues related to curbing inflation this year, including mention of petroleum management.
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