Decree 95/2021/ND-CP amending and supplementing the Decree 83/2014/ND-CP on petrol and oil trading

DECREE

Amending and supplementing a number of articles of the Decree No. 83/2014/ND-CP dated September 03, 2014, on petrol and oil trading

^____________

Pursuant to the Law on Organization of the Government dated June 19, 2015 and the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;

Pursuant to the Commercial Law dated June 14, 2005;

Pursuant to the Law on Prices dated June 20, 2012;

At the proposal of the Minister of Industry and Trade;

The Government hereby promulgates the Decree on amending and supplementing a number of articles of the Decree No. 83/2014/ND-CP dated September 03, 2014, on petrol and oil trading.

Article 1. To amend and supplement a number of articles of the Government’s Decree No. 83/2014/ND-CP dated September 03, 2014, on petrol and oil trading

1. To amend and supplement Clause 2, Article 2 as follows:

“2. This Decree does not apply to traders that import, export, produce and process petrol and oil for their own demand with the quantity not exceeding 200 liters/kg/month, without selling them on the market.”

2. To amend and supplement Clauses 1, 3, 7, 9, 10 and 11, Article 3 as follows:

“1. Petrol and oil is a general term used to refer to products of the process of distilling and processing crude oil, wastes and other materials to create products used as fuel, including petrol, diesel fuel, kerosene, fuel oil and aviation fuel; bio-fuel and other products used as fuel, excluding liquefied gas and compressed natural gas.”

“3. Petrol and oil production means the technological process of distilling and processing crude oil, petrol and oil products, semi-finished petrol and oil products, wastes and other materials into petrol and oil products.”

“7. Global petrol and oil prices mean prices at which petrol and oil products are traded on the international market determined and announced by the Ministry of Industry and Trade.”

“9. The base price is determined on the factors forming the aggregate price from domestic and imported petrol and oil sources; serves as a basis for state agencies to determine the operating price (base price minus (-) the level of expenditure using the price valorization fund), which is the basis for deciding the petrol and oil retail prices on the domestic market (or the wholesale price for fuel oil).”

Click download to see the full text