The Ministry of Industry and Trade (MoIT) will send a proposal to the government on whether it is necessary to maintain the petrol price stabilisation fund in June.
Prime Minister Pham Minh Chinh has recently signed an official dispatch, ordering competent ministries, sectors and corporations to fully and drastically roll out measures to ensure sufficient petrol supply for production, business and consumption during the Tet (Lunar New Year) holiday which lasts from February 8 to 14 this year and the time ahead.
The retail prices of petrol fell sharply from 3pm on December 14 under the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Vietnam’s consumer price index (CPI) in February rose 0.45% month-on-month, fuelled by higher prices of oil, petrol, gas, and rental housing, according to the General Statistics Office.