Negative Petroleum Price Stabilization Fund at 6 Enterprises
Currently, the Petroleum Price Stabilization Fund has about 842,016 billion VND.
According to the Ministry of Finance, the estimated balance of the Price Stabilization Fund (BOG) by the end of the first quarter of 2014 is about 842,016 billion VND, of which: The amount of BOG Fund deductions in the first quarter of 2014: about 1,043,504 billion VND; The amount of BOG Fund use in the first quarter of 2014: about 370,707 billion VND.
The balance of the BOG Fund as of December 31, 2013 was approximately VND 169,219 billion.
Among the current petroleum trading enterprises, there are 6 enterprises with negative BOG Fund, including: Vietnam National Petroleum Corporation (PVOil), Military Petrochemical Joint Stock Company, Nam Viet Petrochemical Refinery Joint Stock Company, Vietnam Aviation Petroleum Company, and PETEC Engineering and Investment Corporation.
In the most recent adjustment of gasoline prices (March 31, 2014), the Ministry of Finance requested businesses to reduce the use of the Price Stabilization Fund for gasoline from VND300/liter to VND200/liter; Diesel, kerosene and mazut prices remain the same as current prices./.
According to vov
