Ministry proposes advance mechanism for fuel price stabilisation fund
Hanoi, April 5 -- Hanoi (VNS/VNA) - The Ministry of Industry and Trade has proposed a mechanism to allow advances from the State budget to the fuel price stabilisation fund, aiming to cushion volatility in domestic fuel prices, according to a draft decree. The move follows a government resolution issued on March 27 approving advances from the surplus of the State budget in 2025 to the fuel price stabilisation fund. The draft decree emphasises transparency and accountability in the use, contribution and reimbursement of the fuel price stabilisation fund. Under the draft, the Ministry of Industry and Trade's Domestic Markets Department would be in charge of overseeing usage and providing advances to fuel wholesalers to support price managem...
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