Decision No. 1353/2002/QD-BTM stipulates the maximum selling price of mactoo oil, applicable nationwide from November 1, 2002. The maximum wholesale price for common mactoo oil is 3,000 dong/kg, while enterprises have the right to adjust the selling price of premium mactoo oil according to market conditions.
Scope of application
Enterprises engaged in petroleum products trading, Vietnam Oil and Gas Corporation, Provincial Departments of Trade and Tourism under the central government.
Key points
- Petroleum products traders → are decided the maximum wholesale price for common mactoo oil at 3,000 dong/kg, and may adjust the price of premium mactoo oil according to market conditions.
- Enterprises importing and trading in petroleum products → are entitled to decide the wholesale prices at different times but not exceeding the maximum selling price prescribed.
- In case of fluctuations in the international market price of mactoo oil or import costs exceeding the maximum selling price, Vietnam Oil and Gas Corporation and other enterprises assigned the task of balancing supply and demand to stabilize the market.
- Enterprises engaged in petroleum products trading → must report promptly to the Ministry of Trade and the Ministry of Finance upon request.
- Provincial Departments of Trade and Tourism under the central government → cooperate with Provincial Departments of Finance and Prices to inspect the implementation of mactoo oil selling prices by enterprises in their respective localities.
🌐 Social impact of this document
- Positive impact: Helps stabilize the petroleum products market, preventing sudden price increases.
- Negative impact: Enterprises may face difficulties in adjusting prices appropriately to market conditions if they do not comply with regulations.
- Petroleum products trading enterprises → reduce management and reporting burdens.
- Provincial Departments of Trade and Tourism under the central government → strengthen inspection and supervision work.
❓ Frequently asked questions
What is the maximum selling price for common mactoo oil?
The maximum wholesale price for common mactoo oil is 3,000 dong/kg.
How can enterprises adjust the price of premium mactoo oil?
Enterprises may adjust the selling price of premium mactoo oil in accordance with its quality and actual market prices of standard oils.
Under what circumstances are Vietnam Oil and Gas Corporation and other enterprises tasked with balancing supply and demand?
In cases where the international market price of mactoo oil fluctuates or import costs exceed the prescribed maximum selling price.
What reports do petroleum products trading enterprises need to submit to the Ministry of Trade and the Ministry of Finance?
Enterprises must report promptly to the Ministry of Trade and the Ministry of Finance when requested.
What actions should Provincial Departments of Trade and Tourism under the central government take to implement this decision?
Provincial Departments of Trade and Tourism shall cooperate with Provincial Departments of Finance and Prices to inspect the implementation of mactoo oil selling prices by enterprises in their respective localities, identify violations, and handle them within the scope of their delegated authority.
Full text
Pursuant to …;
Regarding the maximum selling price of diesel fuel
THE MINISTER OF TRADE
Pursuant to the Government Decree number 95/ dated October 20, 2015 of dated 04/12/1993 of the Government stipulating the functions, tasks, authorities and organizational structure of the Ministry of Commerce;
Implementing Circular No. 1357/CP-KTTH dated October 30, 2002 of the Prime Minister on adjusting the maximum selling price of diesel fuel;
After reaching consensus with the Ministry The following amendments are made to Article 2 of Decision No. 1247/2003/QĐ-NHNN dated October 20, 2003 of the Governor of the State Bank of Vietnam promulgating regulations on the banking code system used in transactions through the State Bank of Vietnam:
DECISION:
Article 1.Now we establish the maximum selling price (inclusive of value-added tax) for common diesel fuel (FoN
2B 3%) at actual temperature: maximum wholesale price: 3,000 VND/kg.0For premium grade diesel fuel: enterprises trading in petroleum products shall base their decisions on the above regulations and the quality and actual market prices of standard types of oil on the same market to make appropriate adjustments.
Place of sale: diesel fuel shall be delivered to the central warehouse of provinces and cities on the buyer's means of transport.
Article 2Enterprises responsible for importing petroleum products have the authority to determine specific wholesale prices for diesel fuel at each time point consistent with cost and market prices, but they must not exceed the maximum selling price set forth in Article 1.
Article 3.In cases where the world market price of diesel fuel fluctuates and the import cost exceeds the maximum selling price specified in Article 1, Vietnam Oil and Gas Corporation and other enterprises responsible for importing and trading in diesel fuel must take responsibility for regulating supply and demand to stabilize the market and develop pricing plans to propose solutions to relevant authorities.
Enterprises assigned the task of importing and trading in diesel fuel must promptly report to the Ministry
Article 4of Commerce and the Ministryof Finance when requested. The Department of Commerce and Tourism shall coordinate with the Department
of Finance and Prices in centrally administered provinces and cities to monitor the implementation of diesel fuel selling prices by enterprises in their respective areas; promptly identify and address any violations within their authorized scope according to current regulations; or report to competent authorities for handling. This Decision takes effect from November 1, 2002. Previous Decisions regarding the selling price of diesel fuel that conflict with this Decision are no longer enforceable./.
Article 5This Decision shall take effect from November 1, 2002. Previous Decisions on the selling price of crude oil that conflict with this Decision shall cease to be effective./.
Download
The original file of this document is being updated. Please read the full text and check back later.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: