Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

By Thuy Linh/ Ngoc Loan

14:24 | 16/09/2022 Finance Follow english.haiquanonline.com.vn on

VCN – At the end of the second quarter, the Petroleum Price Stabilization Fund balance remains about VND310.8 billion, the Ministry of Finance has said.

	Oil price drops sharply, surplus of petroleum price stabilization fund was VND 2,779.5 billion
	It is necessary to maintain the Petroleum Price Stabilization Fund
	Petroleum Price Stabilization Fund remains 5,222.545 billion VND

Balance of Petroleum Price Stabilization Fund remains about VND310.8 billion by the end of QII

The balance of the Petroleum Price Stabilization Fund remains about VND310.8 billion. Photo: T.D

Complying with the principle of transparency in petrol and oil price management under the Government's Decree 83/2014/ND-CP and revised Decree 95/2021/ND-CP, the Ministry of Finance announces the provision, use and interest of the balance of the Petroleum Price Stabilization Fund in the second quarter of 2022.

The balance of the Petroleum Price Stabilization Fund by the end of the second quarter of 2022 (to the end of June 30, 2022) was about VND310.8 billion.

The total deduction to the Petroleum Price Stabilization Fund in the second quarter of 2022 (from April 1 to the end of June 30, 2022) was more than VND1 trillion. As a result, the total deducted amount from the Petroleum Price Stabilization Fund in the second quarter was VND 526.7 billion.

The Ministry of Finance said the fund's interest in the second quarter of 2022 was VND1.4 billion. As a result, the loan interest arising from the fund's balance in the second quarter of 2022 is negative VND1,792 million.

As of March 31, the balance was negative at VND169.920 billion.

By Thuy Linh/ Ngoc Loan

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