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Circular 17/2021/TT-BCT amending Circular 38/2014/TT-BCT, detailing a number of articles of the Government’s Decree No. 83/2014/ND-CP of September 3, 2014, on petrol and oil trading
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Please Sign in your LuatVietnam account and sign up for the lookup software .Issuing bodies: | Ministry of Industry and Trade | Effective date: | |
Official number: | 17/2021/TT-BCT | Signer: | Do Thang Hai |
Legislation Type: | Circular | Expired date: | Updating |
Issuing date: | 15/11/2021 | Effect: | |
Fields: | Commerce - Advertising , Industry |
Small-scale petrol and oil dispenser has a capacity of up to 200 liters
On November 15, 2021, the Ministry of Industry and Trade issues the Circular No. 17/2021/TT-BCT amending and supplementing a number of articles of the Minister of Industry and Trade’s Circular No. 38/2014/TT-BCT of October 24, 2014, detailing a number of articles of the Government’s Decree No. 83/2014/ND-CP of September 3, 2014, on petrol and oil trading.
In accordance with the new provisions, global petrol and oil prices mean prices of finished petrol and oil products traded in Singapore as announced by S&P Global Platts or another news agency of equivalent prestige and quality. Besides, petrol and oil products of which base prices are announced by the State are those commonly consumed on the market, including bio-gasoline, mineral petrol, diesel oil, kerosene and fuel oil.
Before the 29th of the last month of a quarter, key petrol and oil producers shall make a report on the domestically sold petrol and oil volume for each category of petrol and oil, for the period from the 21st of the month preceding the first month of the quarter to the 20th of the last month of the quarter, and send it to the Ministry of Industry and Trade for summing up and determination of proportions (%) of petrol and oil volumes from domestic and import sources in the formula for calculation of base prices.
Noticeably, small-scale petrol and oil dispensers include petrol and oil gauges and tanks with a static capacity of up to 200 liters/dispenser at an outdoor temperature. Areas where small-scale petrol and oil dispensers may be installed are those in districts specified in the list promulgated together with the Prime Minister’s Decision No. 964/QD-TTg of June 30, 2015.
This Circular takes effect on January 2, 2022.
For further details of the Circular 17/2021/TT-BCT, Click here