On 21/7, the Nghe An Province Market Management Department announced it had issued an administrative penalty to Thanh Binh Petroleum Private Enterprise, citing Government Decree 80/2023.

The penalty followed an inspection on 10/7, when Market Management Team 1, in coordination with Duc Chau Commune Police, visited the Thanh Binh gas station located in Dong Ha hamlet, Duc Chau commune (formerly part of Dien Chau district).

During their inspection, authorities found the station was selling E10 RON 95-III gasoline at 23,999 dong per liter. This price exceeded the rate set by its distributor, the Ha Tinh branch of Giang Nam Petroleum Company Limited, for that period.

Investigators confirmed that Thanh Binh gas station had continuously violated regulations from 26/6 to 10/7. During this period, it sold a total of 733 liters, generating illicit profits of nearly 2.5 million dong.

Authorities inspecting Thanh Binh gas station, 10/7. *Photo: Dinh Ngoc*

Since late february, domestic fuel prices have experienced fluctuations, influenced by the Middle East conflict. Although currently more stable, unpredictable risks remain. From early june to date, retail fuel prices in the country have been adjusted 8 times. After the latest adjustment on 16/7, one liter of E10 RON 95-III gasoline is priced at 20,550 dong, making it approximately 1,750 dong cheaper than at the start of june.

According to the Ministry of Industry and Trade, these adjustments position Vietnam's retail gasoline prices 4,800-22,000 dong lower than those in Cambodia, Thailand, China, and Laos. Similarly, diesel prices are 2,900-10,600 dong less expensive than in these neighboring nations.

Duc Hung