However, the total amount of spending to stabilize fuel prices during this period was set at VND526.726 billion (US$22.3 million). Besides, the interest arising on the positive balance fund in the second quarter gained VND1.426 billion (US$60.2) and the loan interest arising on the negative balance fund in the second quarter exceeded VND1.792 million (US$76).
Therefore, by June 30, only VND310.794 billion (US$13 million) remained in the fund. On March 31, the fund balance was minus VND169.920 billion (US$7.2 million).
According to the database of the inter-Ministry of Industry and Trade – Finance on gasoline price adjustment at the previous times, fuel price was mostly required to be set on the petrol price stabilization fund. However, in the reality, it was not spent as required.
At the operating session on September 12, the inter-Ministry of Industry and Trade – Finance required enterprises to take VND451, VND450, VND90, VND200 and VND741 from the petroleum price stabilization fund for the subsidy of an E5 RON 92 liter, a RON 95 gasoline liter, a liter of diesel, a liter of kerosene and a liter of mazut respectively while not spending the fund for stabilizing fuel price.
