The petrol price stabilization fund has nearly 170 billion VND left.

January 9, 2014 19:05

There are many petroleum companies with positive fund balances, but there are also many companies with negative balances.

The Ministry of Finance has just announced detailed data on the balance of the price stabilization fund at key petroleum trading enterprises. Accordingly, by the end of 2013, the total balance of the price stabilization fund at the enterprises was nearly 170 billion VND.

According to the newly released data, 10 out of 17 enterprises have positive fund balances. Of which, enterprises with large market shares such as Vietnam National Petroleum Group (Petrolimex) have the largest price stabilization fund balance of 304 billion VND; Military Petroleum Corporation (MPEC) has a surplus of 137.7 billion VND; Ho Chi Minh City Petroleum Company has 52 billion VND...

Meanwhile, the petroleum price stabilization fund of many enterprises suffered large negative balances, such as: Vietnam Oil Corporation (-176.7 billion VND); Petec Investment and Engineering Corporation (-145.8 billion VND); Dong Thap Petroleum Company (-31.7 billion VND)./.

According to VOV

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The petrol price stabilization fund has nearly 170 billion VND left.
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