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Managing petrol and oil prices in line with world market prices

In Official Letter No. 1808/VPCP-KTTH dated March 23, Deputy Prime Minister Le Minh Khai requested the Ministry of Industry and Trade and the Ministry of Finance to closely coordinate in directing and administering petrol and oil prices; ensure that domestic petrol and oil prices reflect and closely follow developments in world prices of petroleum products.

Deputy Prime Minister: Managing gasoline prices closely following world market prices - 1

Deputy Prime Minister Le Minh Khai requested that the management of domestic gasoline prices should closely follow the world price of petroleum products.

Along with that, the ministries need to rationally use the Petroleum Price Stabilization Fund, contribute to balancing supply and demand to serve the domestic market, support production and business activities of enterprises, and people’s lives according to the provisions of law. in accordance with the direction of the Government, promptly propose and report to the Government problems beyond its authority.

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