Decision No. 225/2003/QD-BTC on the guiding price for petroleum products

Decision No. 225/2003/QD-BTC stipulates the specific guiding price for petroleum products and the conditions for sales, responsibilities of businesses operating in this sector. This decision takes effect from January 1, 2004.

Số hiệu225/2003/QĐ-BTC
Loại văn bảnDecision
Cơ quan ban hànhMinistry of Finance
Người kýNguyễn Ngọc Tuấn — Thứ trưởng
Cập nhật30/06/2026
NgànhFinance
Lĩnh vựcPricingOil and Gas
Ngày ban hành26/12/2003
Ngày áp dụng01/01/2004
Ngày hết hiệu lực
Tình trạngIn effect
✦ Tóm lược thông minh

Decision No. 225/2003/QD-BTC stipulates the specific guiding price for petroleum products and the conditions for sales, responsibilities of businesses operating in this sector. This decision takes effect from January 1, 2004.

Đối tượng áp dụng

Petroleum businesses, provincial finance departments, Vietnam Oil and Gas Corporation, and other enterprises assigned by the State to import and trade in petroleum products.

Các điểm cốt lõi

  • Petroleum trading enterprises must set retail prices according to the current guidelines of the Ministry of Trade based on the guiding wholesale price and quality differences compared to standard petroleum products.
  • Petroleum exporting enterprises shall jointly bear responsibility for the pricing violations of their subsidiaries and retail agents.
  • Vietnam Oil and Gas Corporation and other enterprises shall be responsible for balancing supply and demand when there are significant fluctuations in world market prices.
  • Provincial finance departments shall cooperate with provincial commerce departments to monitor the implementation of petroleum product prices at the local level, handle violations according to regulations.
  • This decision takes effect from January 1, 2004, and replaces all previous provisions that conflict with this decision.

🌐 Tác động xã hội từ văn bản này

  • Positive impact: Ensuring stable petroleum product prices, avoiding excessive fluctuations that may affect citizens and businesses.
  • Negative impact: Petroleum trading enterprises must strictly comply with pricing regulations, which may face difficulties in adjusting prices according to market conditions.

❓ Câu hỏi thường gặp

How are the wholesale and retail prices of petroleum products specified?

The guiding wholesale price for unleaded gasoline RON 92, RON 90, RON 83, diesel 0.5%S, diesel 1%S, and kerosene is VND 5,600/kg, VND 5,400/kg, VND 5,200/kg, VND 4,400/kg, VND 4,300/kg, and VND 4,300/kg respectively. Retail prices are determined by businesses based on the wholesale price and quality differences compared to standard petroleum products.

What responsibilities do petroleum exporting enterprises have?

Petroleum exporting enterprises must jointly bear responsibility for pricing violations by their subsidiaries and retail agents. When prices fluctuate significantly, they are responsible for balancing supply and demand and meeting requirements as assigned.

What responsibilities do provincial finance departments have?

Provincial finance departments shall cooperate with provincial commerce departments to monitor the implementation of petroleum product prices locally, identify and handle violations within their authority or report to competent authorities for handling.

When does this decision take effect?

This decision takes effect from January 1, 2004, replacing all previous provisions conflicting with this decision.

How can petroleum trading enterprises adjust retail prices?

Petroleum trading enterprises must base retail prices on the guiding wholesale price and quality differences compared to standard petroleum products, without arbitrarily adjusting them.

Toàn văn

MINISTRY OF FINANCE

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 225/2003/QĐ-BTC
Hanoi, December 26, 2003

Pursuant to …;

Regarding Guided Selling Prices for Petroleum Products

__________________________

 THE MINISTER OF FINANCE

Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Implementing Decision No. 187/2003/QĐ-TTg dated September 15, 2003 of the Prime Minister on the issuance of regulations governing the management and trading of petroleum products;

After consultation with the Ministry of Trade and the Ministry of Planning and Investment.

DECISION:

Article 1. The guided selling price (inclusive of value-added tax) for certain standard types of petroleum products at actual temperatures throughout the country is unified as follows:

 

Guideline Wholesale Price (VND/kg)

Guideline Retail Price   (VND/liter)

Unleaded gasoline RON 92:

-

5.600

Unleaded gasoline RON 90:

-

5.400

Unleaded gasoline RON 83:

-

5.200

Diesel 0.5%S:

-

4.400

Diesel 1%S:

-

4.300

Kerosene:

-

4.300

Boiler fuel oil (mazut) (FON02B (3.5%S):

 

3.200

 

The actual selling price of petroleum products by enterprises engaged in importing (or authorizing affiliated units or retailers within their distribution system) shall be determined according to current guidelines issued by the Ministry of Trade.

The prices of other types of petroleum products shall be set by enterprises engaged in trading petroleum products based on the actual selling prices of standard types of petroleum products on the same market and the quality differences compared to the aforementioned types.

Article 2. Place of sale:

- Wholesale: goods are delivered at the provincial or municipal central warehouse on the buyer's means of transport;

- Retail: goods are sold at gas stations and retail stores in provinces and cities on the buyer's means of transport.

Article 3. Responsibilities of the parties involved:

- Enterprises engaged in exporting petroleum products must jointly bear legal responsibility for violations of selling prices by their affiliated units and retail outlets within their distribution system.

In cases where there are significant fluctuations in world market prices for petroleum products, Vietnam Oil and Gas Corporation and other enterprises assigned by the State to import and trade petroleum products have the responsibility to balance supply and demand and must meet the required needs for petroleum products as assigned.

- Provincial Departments of Finance shall cooperate with Provincial Departments of Trade to monitor the implementation of petroleum product selling prices in their respective localities, promptly identify any violations, and handle them within their jurisdiction according to current regulations, or report to competent authorities for handling.

Article 4. This Decision takes effect from January 1, 2004. All previous provisions contrary to this Decision shall cease to be effective.

DEPUTY MINISTER
DEPUTY MINISTER
(Signed)

Nguyen Ngoc Tuan
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Căn cứ 2
77/2003/NĐ-CP Nghị định số 77/2003/NĐ-CP Quy định chức năng, nhiệm vụ, quyền hạn và cơ cấu tổ chức của Bộ Tài chính Hết hiệu lực
225/2003/QĐ-BTC
Decision No. 225/2003/QD-BTC on the guiding price for petroleum products
In effect

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