Decision 187/2003/QĐ-TTg

According to the Regulation promulgated together with this Decision, traders engaged in the import of petrol and oil (including raw materials for producing or preparing petrol and oil) or trading in petrol and oil on the domestic market (including petrol and oil retail sale agents) must satisfy the following conditions:

- Having special-use wharves for reception of imported petrol and oil;

- Having depots for direct pumping of imported petrol and oil from tankers, which satisfy the regulations on fire prevention and fighting and environmental sanitation;

- Having own capital (excluding asset value) sufficient for petrol and oil import and trading activities.

Enterprises shall decide by themselves on the selling prices of their petrol or oil, which must not be higher by 10%, for assorted petrol, or 5%, for other commodity items, than the prices recommended by the State.

This Decision shall take effect as from January 1, 2004.- (Summary)