Decision No. 1635/QD-BTM of October 06, 2006, reducing selling prices of gasoline

Summary
Content
Status
Vietnamese
Related documents
Diagram
Download

Error message

Font size:

ATTRIBUTE

Issuing body:	Ministry of Trade	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	1635/QD-BTM	Signer:	Phan The Rue
Type:	Decision	Expiry date:	Updating
Issuing date:	06/10/2006	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Commerce - Advertising

For more details, click here.

Download files here.

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

Effect status:

THE MINISTRY OF TRADE -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ----------
No: 1635/QD-BTM	Hanoi, October 06, 2006

DECISION

RE: REDUCING SELLING PRICES OF GASOLINE

THE MINISTER OF TRADE

Pursuant to Decree 29/2004/ND-CP dated January 16, 2004 by the Government detailing functions, tasks, powers and organization of the Ministry of Trade;
Pursuant to Decision 187/2003/QD-TTg dated September 15, 2003 by the Prime Minister of promulgation of the Regulations on trading of fuels;
Pursuant to determination of the Prime Minister on administration of selling prices of fuels in the final months of 2006 in Announcement 117/TB-VPCP dated August 9, 2006;
Pursuant to the recent situation of oil prices in the world market and upon on agreement with the Ministry of Finance,

HEREBY DECIDES:

Article 1. To require major business entities importing gasoline to reduce selling prices of gasoline by VND500 per litre from those said in Decision 1456/QD-BTM dated December 12, 2006 by the Minister of Trade on reduction of selling prices of gasoline; the new retail prices (including VAT) for gasoline at actual temperature are as the following:

- Lead-free RON-92: VND10,500 per litre

- Lead-free RON-90: VND10,300 per litre

- Lead-free RON-83: VND10,100 per litre

Prices of other kinds of gasoline are set by major gasoline importers on the basis of actual selling prices of standard types of gasoline in the market and quality differences in compared to those types.

For localities far away from international ports accommodating oil cargo ships as said in Decision 0647/2004/QD-BTM dated may 31, 2004 by the Ministry of Trade, the prices can be no more than 2% higher than the aforesaid prices.

Article 2. Points of sales:

- Wholesales: Gasoline is delivered to buyer at provincial central storehouse;

- Retail: Gasoline is delivered to buyer at fuel pump stations

Article 3. Responsibilities of major gasoline importers, business entities and Departments of Trade/Trade – Tourism of provinces and cities under central direct management:

1. According to the Prime Minister’s guidelines, despite a VND500 reduction in selling prices of gasoline, fuel should still be saved as much as possible. Business entities are to consider to reduce cost prices of petroleum-based products as well as transport services on the basis of gasoline price reduction.

2. Major fuel importers are to check volume of gasoline in accordance with current practice before adjusting selling prices of gasoline in order to prevent wrongdoings and ensure normal trading activities. They are to be liable to the law for acts of violating regulations on gasoline prices of their affiliates and distributors.

3. Provincial Departments of Trade/Trade –Tourism are to coordinate with Departments of Finance/Finance and Pricing to check implementation of the selling prices of gasoline in their localities, quickly discovering wrongdoings and dealing with those within scope of their management in accordance with the law or report to higher levels for solution.

Article 4. The Decision comes into effect at 21:00, October 6, 2006. Previous regulations on selling prices of gasoline, which contradicts the Decision, are abolished.

To:
- Prime Minister and Deputy Prime Ministers,
- Party Central Office, Central Economic Committee, National Assembly Office,
- President Office, Government Office,
- Supreme People’s Court,
- Supreme People’s Procuracy,
- Ministries, ministerial-level agencies, Government’s units,
- Central units of organizations,
- Ministry of Finance,
- Ministry of Trade,
- People’s Committees, Departments of Trade, Departments of Finance and Pricing of provinces and cities under central direct management,
- Major gasoline importers,
- Market Management Agency,
Archive

FOR MINISTER OF TRADE
DEPUTY MINISTER

Phan The Rue

This feature is available to English or Advanced account holders. Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Processing, please wait...

You are not logged in.

This feature is available to Advanced account holders. Please log in to access detailed information on Related documents.

If you do not have an account, please register here!

Processing, please wait...

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

Others

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers

For further support, please call 19006192

Decision No. 1635/QD-BTM of October 06, 2006, reducing selling prices of gasoline

ATTRIBUTE

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Circular No. 31/2026/TT-BCT dated June 11, 2026 of the Ministry of Industry and Trade defining the traceability of products and goods under the management of the Ministry of Industry and Trade

Decree No. 89/2006//ND-CP dated August 30, 2006 of the Government on labeling of goods