Adjustment of Standard Business Expenses for Petroleum Products

12:59, 11/07/2024

Joint Circular No. 90/2016/TTLT-BTC-BCT amending and supplementing Joint Circular No. 39/2014/TTLT-BCT-BTC on the method of calculating base prices; the mechanism of formation, management, and utilization of the Price Stabilization Fund and the operation of petroleum product prices.

Circular provides regulations on the standard business costs of gasoline and oil to calculate the base price according to the maximum level. The average standard business costs for types of gasoline and oil are as follows:

- Unleaded gasoline: 1,050 VND/liter;- E5, E10 gasoline: 1,250 VND/liter;- Diesel oil, kerosene: 950 VND/liter;- Mazut oil: 600 VND/kg.

The costs for types of gasoline, diesel oil, and kerosene include wholesale and retail expenses; for types of mazut oil, only wholesale costs are included.

For areas remote from ports, main warehouses, and gasoline and oil production facilities, key traders are allowed to determine the actual selling price in those areas to compensate for reasonable and legitimate business costs incurred, but the selling price must not exceed 2% of the base price.

Joint Circular 90/2016/TTLT-BTC-BCT takes effect from August 15, 2016.

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