The Inter-Ministry of Industry, Trade and Finance decided to increase gasoline prices in the operating period on 11/5.
Accordingly, the price of E5 gasoline is 28,950 VND/liter, an increase of 1,490 VND/liter compared to the previous operating period.
The price of RON95 gasoline is 29,980 VND/liter, an increase of 1,550 VND/liter. This is the highest price of RON95 gasoline ever.
Diesel oil has a selling price of 26,650 VND/liter, an increase of 1,120 VND/liter
At this operating period, the inter-ministerial department did not spend the price stabilization fund for gasoline E5, RON95, diesel oil (except for kerosene, which costs 300 VND/liter, and madut oil, which costs 33 VND/kg). At the same time, setting up a fund to stabilize petrol prices with E5, RON95 gasoline, and diesel oil at 100 VND/liter.
Recently, the Ministry of Finance proposed to reduce import tax on motor gasoline and unleaded gasoline, but it also assessed that this would not help reduce gasoline prices in the country.
Following the above plan, the Ministry of Finance assessed that it may not have much impact on the reduction domestic gasoline price. But at present, gasoline is mainly imported from ASEAN and Korea, so it will contribute to diversifying petroleum supplies from other countries such as China, the United States and the Middle East, avoiding too much dependence on oil and gas. some partners when the world supply fluctuates.
Currently, Vietnam has 36 leading petroleum trading enterprises (3 flying fuel businesses), more than 300 petrol and oil distribution enterprises that play the role of creating a source for the agent system, of which PetroVietnam Vietnamese oil accounts for about 45-50% market share, the remaining key enterprises account for 50-55% market share.
The main petroleum distributors are mainly from Nghi Son and Binh Son Refinery and Petrochemical Plants, and the rest are imported mainly from Korea and the ASEAN region at the FTA tax rate (with a lower tax rate). compared with the preferential import tax MFN – PV).
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here