Decision No. 58/2005/QĐ-BTC on the guiding prices for gasoline and diesel sales in 2005

DECISION

On Guideline Prices for Gasoline and Diesel Sales in 2005

THE MINISTER OF FINANCE

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

Pursuant to Decree No. 170/2003/NĐ-CP dated December 25, 2003 of the Government detailing the implementation of certain provisions of the Price Ordinance;

Pursuant to Decision No. 187/2003/QĐ-TTg dated September 15, 2003 of the Prime Minister on the issuance of regulations governing the business of gasoline and diesel;

Implementing the guidance of the Prime Minister as stated in Official Letter No. 594/VPCP-KTTH dated August 17, 2005 of the Government Office regarding the adjustment of gasoline and diesel prices;

After reaching consensus with the Ministry of Trade and the Ministry of Planning and Investment,

DECISION:

 Article 1. Guideline Prices (including value-added tax) for the sale of gasoline and diesel of certain standard types at actual temperatures are uniformly stipulated throughout the country as follows:

The actual selling price of gasoline and diesel shall be determined by enterprises engaged in importing gasoline and diesel (or delegated to their affiliated units or retail agents within their distribution system) in accordance with current guidelines issued by the Ministry of Trade.

The prices of other types of gasoline and diesel shall be set by enterprises engaged in the business of gasoline and diesel based on the actual selling prices of standard types of gasoline and diesel on the same market and the quality difference compared to the aforementioned types.

Article 2. Place of Sale:

- Wholesale: goods are delivered to the central warehouse of the province or city 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 Ministries, Sectors, Localities, and Production and Business Units: 

- In accordance with the guidance of the Prime Minister, despite the increase in the selling price of gasoline and diesel, the prices of key products such as electricity, coal, cement, etc., must not be increased. Enterprises must reduce costs, especially fuel costs, and lower production costs. Retail enterprises of gasoline and diesel must continue to reduce management expenses by 5% compared to 2004.

- The Ministry of Trade is responsible for directing enterprises engaged in the business of gasoline and diesel to inventory goods according to current regulations when adjusting prices to ensure that no negative activities occur and to maintain smooth business operations.

- Enterprises engaged in importing gasoline and diesel must jointly bear legal responsibility for the actions of their affiliated units and retail agents within their distribution system regarding violations of gasoline and diesel selling prices.

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

- Provincial Departments of Finance shall coordinate with Provincial Departments of Commerce and Market Management Agencies to monitor the implementation of gasoline and diesel selling prices in their localities, promptly identify any violations, and handle them within their authority according to current regulations, or report to competent authorities for handling.

Article 4. This Decision takes effect from 18:00 on August 17, 2005, and replaces Decision No. 39/2005/QD-BTC dated July 3, 2005, of the Minister of Finance.

                                                                                                                      SIGNATURE OF THE MINISTER

                                                                                                                      DEPUTY MINISTER

                                                                                                                      (Signed)

                                                                                                                      Tran Van Ta