HÀ NỘI — Prime Minister Phạm Minh Chính has issued Decision No. 483/QĐ-TTg approving an additional VNĐ8 trillion (US$303.74 million) from the 2026 State budget estimate for advance funding for the fuel price stabilisation fund.

The decision followed a proposal from the Ministry of Finance to help stabilise domestic fuel prices.

Under the decision, the allocation will be sourced from the central budget revenue surplus recorded in 2025 and assigned to the Ministry of Industry and Trade.

The PM requested the two ministries to take full responsibility for the accuracy of reported data and ensure strict compliance with regulations, while strengthening inspection and supervision to prevent misconduct, corruption, wastefulness, and policy abuse.

The Ministry of Industry and Trade was tasked with implementing the advance funding, managing and supervising the use of the fund in accordance with regulations, and developing fuel price management scenarios.

The ministry must also ensure the advance is repaid to the state budget within twelve months of disbursement, once market conditions stabilise.

The decision took effect on the date of its signing, March 27. — VNS