11 petroleum key enterprises 'owe' audit reports on price stabilization fund

The management agency said that 11 key traders have not yet submitted the price stabilization fund audit report to the Ministry of Industry and Trade - Ministry of Finance on time.

According to Decree 80 on petroleum trading, petroleum wholesalers must send an (independent) audit report of the Petroleum Price Stabilization Fund to the Ministry of Finance - Industry and Trade. every 6 months

The deadline for submitting reports on fund management from July 1 to December 31, 2023 has passed, but 11 key enterprises have not yet sent information to the inter-ministerial committee.

The list includes Nam Song Hau Petroleum Investment and Trading Joint Stock Company, Trung Linh Phat Company Limited and Thien Minh Duc Group Joint Stock Company. These are enterprises that have been discovered by management agencies to have committed many violations in setting up and using the price stabilization fund.

In addition, there are also enterprises such as: Saigon Trading Corporation, Hong Duc Petroleum, Duong Dong Group, Southwest SWP Petroleum, Tan Nhat Minh Petroleum, Phuc Loc Ninh, Hung Hau Petroleum, Appollo Oil.

The Ministry of Industry and Trade requires the above traders to seriously report, set aside, spend and manage the petrol price stabilization fund in accordance with regulations. Enterprises must continue to update the petrol price stabilization fund account number and bank name to the Ministry of Finance and the Ministry of Industry and Trade.

The agency said that key traders who report late or do not submit will be held responsible before the law. Violations in setting up and using the petroleum price stabilization fund will also be handled.

According to the provisions of the Decree on petroleum trading, the Price Stabilization Fund is established at the enterprise when the Ministry of Industry and Trade grants a business license to the key enterprise. However, this leads to the risk of enterprises misappropriating the fund. Recently, the Ministry of Finance has issued 21 decisions on administrative sanctions and transferred the information to the Ministry of Industry and Trade for handling.

Phuong Dung

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