A petrol station in Cau Giay district, Hanoi. (Illustration)

Specifically, in Official Letter No. 1808/VPCP-KTTH dated March 23, 2022, Deputy Prime Minister Le Minh Khai requested the Ministry of Industry and Trade and the Ministry of Finance to base themselves on the functions and tasks assigned and specified in Decree No. 95/2021/ND-CP dated November 1, 2021 of the Government amending and supplementing a number of articles of Decree No. 83/2014/ND-CP on petrol and oil trading continues to closely coordinate in the work of Directing and managing petrol prices.

To ensure that domestic petrol and oil prices reflect and closely follow developments in world prices of petroleum products, rationally use the Petroleum Price Stabilization Fund, contribute to balancing supply and demand to serve the domestic market, and support business activities. production and business of enterprises and people's lives in accordance with the direction of the Government leaders in recent times.

Promptly propose and report to the Prime Minister and the Government problems beyond their competence.