An official document ordered for gasoline and oil wholesalers to keep gas prices at current level was sent out by the Ministry of Finance on January 15. It is meant to help alleviate the rising cost of gasoline during the Lunar New Year season.
Retail price of RON92 gasoline is VND605 per liter lower than its base price, according to the Ministry. The disparity between retail price and base price is VND52 per liter for diesel oil, VND849 per liter for kerosene and VND253 per liter for engine oil.
The document also orders businesses to stop using money from the gasoline-price-stabilization fund for diesel oil. Businesses are allowed to take VND370 per liter from the fund for kerosene. Businesses are also permitted to restore their target profit from engine oil to VND250 per liter from VND0 per liter.