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petroleum business

Ministry draft includes several amendments to petrol business decree

Ministry draft includes several amendments to petrol business decree

The State will no longer periodically announce base prices. Instead, wholesale and retail distributors will have the right to independently decide and announce retail prices within their distribution systems based on the price formula stipulated in the new decree.
Petroleum business rules eased under new resolution

Petroleum business rules eased under new resolution

Resolution No 19/2026/NQ-CP, issued on April 29, targets the simplification of licensing and regulatory requirements across 10 sectors managed by the Ministry of Industry and Trade.
State authorities will not participate in petroleum price management process

State authorities will not participate in petroleum price management process

The second draft was revealed on April 1, a few days after the ministry submitted the first draft of the revised Decree on petroleum business.
Wholesale petroleum firms deciding their selling prices may cause unfair competition

Wholesale petroleum firms deciding their selling prices may cause unfair competition

The Ministry of Industry and Trade (MoIT) is drafting a decree to replace current decrees on petroleum business, including Decree 83 in 2014, Decree 95 in 2021 and Decree 80 in 2023.
The Ministry of Industry and Trade reviews the licensing of petroleum business

The Ministry of Industry and Trade reviews the licensing of petroleum business

Key traders must report specifically on the petroleum distribution system, including owned stores, leased stores, gasoline retail agents, gasoline retail franchisees and general gasoline trading agents.