VND3.97 trillion in national fuel price stablisation fund

The national fuel price stabilisation fund sat at over VND3.97 trillion (US$180.4 million) as of December 31, 2015, according to the Finance Ministry on February 2.
 

By January 1, 2015, the balance was over VND4 trillion (US$181.8 million).
By January 1, 2015, the balance was over VND4 trillion (US$181.8 million).

By January 1, 2015, the balance was over VND4 trillion (US$181.8 million).

The ministry reported that among 21 fuel trading firms, 17 recorded positive balances in their own stabilisation funds.

The Vietnam National Petroleum Group (Petrolimex) has the largest balance with VND2.377 trillion (US$108 million), followed by the Military Petroleum Corporation that possesses more than VND389 billion (US$17.68 million).

The PetroVietnam Oil Corporation posted over VND325 billion (US$14.7 million) while Saigon Petro had more than VND291 billion (US$13.2 million).

The Nam Viet oil refinery and petrochemicals company took the lead in running a negative balance, amounting to over VND25 billion (US$1.13 million).

Last year, there were 23 adjustments to fuel prices with more decreases than increases. Specifically, petrol prices had 12 decreases, six increases and remained at the same price five times, Deputy Minister of Industry and Trade Do Thang Hai reported to the media.