Thursday , August 5 2021

Oil and Gas Stabilization Fund exceeding VND 3,000 billion – Purchase



Tuesday, 06/11/2013 13:00 (GMT + 7)

The Treasury has just announced the gas price stabilization fund by the end of the third quarter of 2018 (by the end of September 30, 2018) with a balance of more than 3,039 billion euros.


The Oil and Gas Stabilization Fund exceeded 3,000 billion VND - 1

At the end of the third quarter, the gas stabilization fund was over 3,039 billion VND.

Observance of the principle of openness and transparency in the management of petrol and oil prices in accordance with Government Decree No. 83/2014 / ND-CP of 3 September 2014 on oil and gas trading, quarterly, have detailed information on the state of deduction, use and balance of the oil price stabilization fund.

Therefore, by the end of the third quarter of this year (until the end of September 30, 2018), the remainder of the stabilization of gasoline and oil prices remains 3,039,169 billion Euros.

The total amount of the price stabilization fund in the third quarter (from 1/7/2018 to 30/9/2018) exceeds EUR 1,264 billion.

The total use of price stabilization funds in this quarter exceeds Euro 2.042 billion.

Interest income on the rest of the stabilization fund in the third quarter is 4.731 billion. The interest accruing from the rest of the negative price stabilization fund is VND 18 million.

The stabilization fund at the end of 2017 exceeds $ 5,105 trillion. The balance of the Fund until the end of the quarter 1/2018 (until the end of March 31, 1818) exceeds € 4,526 billion. Balance Fund until the end of the quarter 2/2018 (until June 30, 2012) is over 3.812 billion.

Thus, the oil price stabilization fund has cut more than 2,000 billion compared to the end of 2017.


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