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Causes for delaying petrol worth adjustment date to August 22

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Causes for delaying petrol worth adjustment date to August 22

August 21, 2022
in Economy


Sunday, August 21, 2022 09:27

As a substitute of adjusting gasoline costs on August 21 as prescribed, petrol costs might be postponed to August 22.

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Concerning the postponement of the home petrol worth adjustment schedule from August 21 to August 22, Mr. Tran Duy Dong, Director of the Home Market Division (Ministry of Business and Commerce) shared on VTC the rationale for the delay. oil worth adjustment.

Mr. Dong mentioned that based on the provisions of Decree 95/2021, the petrol and oil worth administration interval might be diminished from 15 days to 10 days, ie 3 times a month, on the first, eleventh and twenty first of each month. . Nevertheless, for working durations that coincide with holidays or public holidays based on state rules, the working time is postponed to the subsequent working day after the vacation or public vacation.

Reasons for delaying the date of petrol price adjustment to August 22
Photograph: Web

In case the costs of petroleum merchandise have irregular fluctuations, drastically affecting socio-economic growth and folks’s lives, the Ministry of Business and Commerce is answerable for reporting to the Prime Minister for consideration and resolution on the working time. petrol costs accordingly.

The petrol adjustment interval on August 21 coincides with Sunday, so based on rules, it is going to be postponed to August 22.

Furthermore, the most recent information from the Ministry of Business and Commerce exhibits that, on August 20, the value of A95 gasoline imported from Singapore nonetheless maintained a low degree of 108 USD/barrel. This is identical worth as on February 10, when the home gasoline worth was VND 24,360/liter.

Reasons for delaying the adjustment date of petrol prices to August 22
Photograph: Web

With this worth, in the event you deduct the environmental safety tax of three,300 VND, the gasoline worth has dropped to 21,000 VND. This will likely trigger the home gasoline worth within the subsequent working interval to proceed to lower for the sixth time in a row.

Nevertheless, how a lot gasoline worth adjustment depends upon the value stabilization fund (BOG) of the working company.

Beforehand, within the working interval on August 11, the value of E5 RON 92 gasoline decreased by 900 VND with the utmost retail worth of E5 RON 92 gasoline was 23,720 VND / liter, the value of RON 95 gasoline was adjusted down by 940 VND / liter. with the utmost retail worth for E5 RON 92 gasoline is VND 24,660.

Tags: delay the date of petrol adjustmentgas price adjustmentgasoline prices
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