MIPEC ANNOUNCES NEW RETAIL FUEL PRICING PLAN

Hanoi, January 18^th 2024. Military Petrochemical JSC (MIPEC) officially adjusted retail price of diesel oil (DO), and mazut (FO).

Table 1. Retail prices (VAT included)

Units: dong/litre, kg (FO)

*Note: Retail prices of lead-free petrol increases 550d/litre; gasohol increases 370d/litre; and diesel fuel increases  490d/litre

The new pricing plan is in effect as from 15:00, January 18^th 2024

The new pricing plan announced by MIPEC in this notice is applied throughout MIPEC’s distribution chain across the country, including:

(a)       MIPEC official filling stations;

(b)       Filling stations of MIPEC’s official agents;

(c)        Filling stations of MIPEC’s commerce-delegated merchants.

The new pricing plan is publicly available at our website www.mipec.com.vn, as well as at MIPEC’s subsidiary companies’

“Adjustments in petroleum prices stem from price movements of petroleum products in the world market in this pricing cycle and is in accordance with the Government’s pricing policies as stated in Decree no. 83/2014/ND-CP on September 3rd, 2014 together with official Guidance Documentations released by Ministry of Industry & Trade and Ministry of Finance.” – said company leader.

The new price Decision no. 47/QD-MIPEC signed for promulgation by General Director Du Cao Son January 18^th 2024 was sent to every subsidiary companies and was reported to the Office of the Government, Ministry of Industry and Trade, Ministry of Finance, Fuel price Interdisciplinary Regulation Department.

MIPEC’s subsidiary companies must report the promulgated price plan to city’s Department of Industry and Trade.      

According to Document no. 399/BCT-TTTN by Ministry of Industry & Trade, the provision and expenditure from the petrol-price stabilization fund (BOG) as from 15:00, January 18^th 2024, are as follows: