The fuel price stabilization fund is in deficit at 6 businesses.

April 9, 2014 19:32

Currently, the Fuel Price Stabilization Fund has approximately 842.016 billion VND remaining.

According to the Ministry of Finance, the balance of the Price Stabilization Fund (BOG) at the end of the first quarter of 2014 was estimated at approximately VND 842.016 billion, of which: Amount contributed to the BOG Fund in the first quarter of 2014: approximately VND 1.043504 billion; Amount used from the BOG Fund in the first quarter of 2014: approximately VND 370.707 billion.

The balance of the BOG Fund as of December 31, 2013 was approximately VND 169.219 billion.

Among the current petroleum businesses, six are experiencing deficits in the Price Stabilization Fund (BOG Fund), including: Vietnam National Petroleum Corporation (PVOil), Military Petrochemical Joint Stock Company, Nam Viet Refining and Petrochemical Joint Stock Company, Vietnam Aviation Fuel Company, and Petrochemical and Engineering Corporation (PETEC).

In the most recent fuel price adjustment (March 31, 2014), the Ministry of Finance requested businesses to reduce the use of the Price Stabilization Fund for gasoline from 300 VND/liter to 200 VND/liter; the prices of diesel, kerosene, and fuel oil remained unchanged.

According to VOV