What are the fines imposed on the wholesalers for failure to maintain a level of compulsory petrol and oil reserves in Vietnam?

What are the fines imposed on the wholesalers for failure to maintain a level of compulsory petrol and oil reserves in Vietnam?

What are the fines imposed on the wholesalers for failure to maintain a level of compulsory petrol and oil reserves in Vietnam?

Answer:

Pursuant to Clause 2 Article 30 of the Decree 99/2020/ND-CP stipulating violations against regulations on maintaining reserves of petrol and oil and raw materials used for producing petrol and oil as follows:

A fine ranging from VND 120,000,000 to VND 140,000,000 shall be imposed on a wholesaler that fails to maintain a level of compulsory petrol and oil reserves or maintains a level of petrol and oil reserves lower than the minimum level as prescribed.

Pursuant to Article 5 of the Decree 99/2020/ND-CP, the fines prescribed in Chapters II, III and IV hereof are those imposed on organizations. If an administrative violation is committed by an individual, the fine imposed on such individual equals to one half of the fine imposed on an organization.

Since the Article 21 is included in the Chapter III, the fines imposed on the wholesalers for failure to maintain a level of compulsory petrol and oil reserves in Vietnam are ranging from VND 120,000,000 to VND 140,000,000.

What are the fines imposed on the wholesalers for failure to maintain a level of compulsory petrol and oil reserves in Vietnam? - Image from Internet

What are the fines for maintaining a level of raw material reserves lower than the minimum level as prescribed in Vietnam?

What are the fines imposed on the wholesalers for maintaining a level of raw material reserves lower than the minimum level as prescribed in Vietnam?

Answer:

Pursuant to Clause 1 Article 30 of the Decree 99/2020/ND-CP stipulating violations against regulations on maintaining reserves of petrol and oil and raw materials used for producing petrol and oil as follows:

A fine ranging from VND 100,000,000 to VND 120,000,000 shall be imposed on a petrol and oil producer that fails to maintain a level of raw material reserves or maintains a level of raw material reserves lower than the minimum level as prescribed.

Pursuant to Article 5 of the Decree 99/2020/ND-CP, the fines prescribed in Chapters II, III and IV hereof are those imposed on organizations. If an administrative violation is committed by an individual, the fine imposed on such individual equals to one half of the fine imposed on an organization.

Since the Article 30 is included in the Chapter III, the fines for maintaining a level of raw material reserves lower than the minimum level as prescribed in Vietnam are ranging from VND 100,000,000 to VND 120,000,000.

What are the fines for listing wrong petrol and oil retail prices in Vietnam?

What are the fines for listing wrong petrol and oil retail prices in Vietnam? Thank you!

Answer:

Pursuant to Clause 1 Article 21 of the Decree 99/2020/ND-CP stipulating violations against petrol and oil retail prices and process for adjusting petrol and oil retail prices as follows:

A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for listing petrol and oil retail prices inconsistently with those regulated by petrol and oil wholesalers or distributors.

Pursuant to Article 5 of the Decree 99/2020/ND-CP, the fines prescribed in Chapters II, III and IV hereof are those imposed on organizations. If an administrative violation is committed by an individual, the fine imposed on such individual equals to one half of the fine imposed on an organization.

Since the Article 21 is included in the Chapter III, the fines for listing petrol and oil retail prices inconsistently with those regulated by petrol and oil wholesalers or distributors are ranging from VND 5,000,000 to VND 10,000,000.

Best regards!