Vietnam: Wholesalers Propose Petrol Price Hike upon Global Rise
Several petroleum wholesalers in Vietnam have proposed raising domestic retail price in the wake of recent rise in the global rate, an anonymous official of the Ministry of Finance said.
The official, however, has not yet mentioned how much the traders want to hike and what is the ministry’s decision on petroleum price.
Traders moan they are importing petrol products at higher rates in the Singapore market, particularly gasoline price hitting nearly US$60 per barrel, the Labor newspaper quoted the official as saying.
With the imported price, traders are losing VND1,000 per liter of gasoline.
Since the beginning of this year, petroleum traders in Vietnam have hiked domestic price twice despite the cut of petroleum tax rate by 5 per cent to 20 per cent.
Currently, a liter of A92 gasoline is priced at VND12,000/liter, A95 at VND12,500, kerosene at VND11,500, mazut at VND8,500, diesel 0.05S at VND10,000 and diesel 0.25S at VND9,950. (Labor)
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