| THE MINISTRY OF TRADE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No: 2772/2005/QD-BTM | Hanoi, November 21, 2005 |
DECISION
RE: REDUCING OF RETAIL PRICES OF PETROL
MINISTER OF TRADE
Pursuant to Decree 29/2004/ND-CP dated January 16, 2004 by the Government on functions, tasks, powers, and organization of the Ministry of Trade;
Pursuant to Decision 187/2003/QD-TTg by the Prime Minister on promulgation of the Regulations on management of oil and petrol trading;
Based on recent situation of the world market for oil and upon on agreement with the Ministry of Finance,
HEREBY DECIDES:
Article 1: To allow major businesses importing and trading oil and petrol to reduce petrol prices by VND500 per litre from indicator prices as specified in Decision 58/2005/QD-BTC dated August 17, 2005 by the Minister of Finance on orientation of oil and petrol prices in 2005; retail prices of petrol (including VAT) at environment temperature at retail sale stations nationwide are as below:
+ Non-lead RON 92 petrol: VND9,500 per litre
+ Non-lead RON 90 petrol: VND9,300 per litre
+ Non-lead RON 83 petrol: VND9,100 per litre
- Prices of other kinds of petrol are decided by major businesses based on real selling prices of standard kinds of petrol in the same market.
- Localities which are far from international ports accommodating oil and petrol ships (as specified in Decision 0674/2004/QD-BTM dated May 31, 2004 by the Ministry of Trade) are allowed to increase the aforesaid prices by no more than 2%.
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