Urgent dispatch No. 2481 has just been sent by the Ministry of Industry and Trade to the Departments of Industry and Trade of provinces and cities; key petroleum traders and petroleum distributors.
Accordingly, the Ministry of Industry and Trade announced that Thursday (April 18, 2024) falls on the 10th day of the 3rd lunar month, which is a holiday (Hung King's Commemoration Day). Therefore, the management of gasoline prices following the management period on April 11 will be implemented on Wednesday, April 17.
Decree 80 dated November 17, 2023, amending and supplementing a number of articles of Decree 95 and Decree 83 of the Government on petroleum trading, stipulates the time for managing petroleum prices as follows:
The time for operating gasoline prices is carried out every Thursday.
Domestic gasoline prices this week will be adjusted 1 day earlier than usual.
In case the price management period coincides with the Lunar New Year holiday, it will be implemented as follows: If Thursday falls on the last day of the lunar year (29th or 30th of Lunar New Year), the petrol price management will be implemented on the preceding Wednesday. If Thursday falls on the 1st, 2nd or 3rd day of Lunar New Year, the petrol price management period will be implemented on the 4th day of Lunar New Year.
In case the price management period coincides with a holiday according to regulations, it shall be implemented as follows: If the fifth day coincides with the first day of the holiday, the petrol price management period shall be implemented on the preceding Wednesday.
If Thursday falls on any of the remaining holidays, the petrol price adjustment period will be implemented on the first working day after the holiday.
In case the price of petroleum products fluctuates abnormally, affecting socio-economic development and people's lives, the Ministry of Industry and Trade is responsible for reporting to the Prime Minister for consideration and decision on the appropriate time to manage petroleum prices.
The change of the date of gasoline price management by the Ministry of Industry and Trade is implemented according to the provisions of Decree 80 on gasoline business.
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