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Gasoline prices increase, businesses have a headache, people “pain in their pockets”

The high gasoline price has affected the general psychology of the people, especially affecting the lives of many low- and middle-income households. Many families have had to consider a financial balance plan, cut down on daily expenses.

Ms. Minh Phuong, who lives in Hanoi, shared: “My husband and I both work very far from home, so normally traveling costs are quite expensive, gas prices have increased, now nearly 30,000 VND / liter, making the family more living expenses, while the salary remains the same, other expenses such as food and food are definitely affected.

In order to make a living, my family had to change their consumption habits and daily activities, and the family’s spending would have to be tighter. I think we need support so that the price of petrol doesn’t affect people’s lives.”

Due to the epidemic, the economy has been affected and now faces difficulties due to high gas prices, making Mr. Nguyen Van Ga, a technology driver even more worried: “When driving a car like this, with an income level Currently, plus the increase in gasoline will affect a lot.”

Gasoline prices increase, businesses have headaches, people have pain in their pockets - Photo 1.

The high gasoline price has affected the general psychology of the people, especially affecting the lives of many low- and middle-income households.

With pressure from gasoline prices, input material prices tend to increase, some businesses calculate to increase the selling price of their products, but there are also businesses trying to control the selling price to stimulate consumer demand.

Ms. Pham Thi Huan, Chairman of the Board of Directors, General Director of Ba Huan Joint Stock Company said: “The price of gasoline has increased, the price of food has increased, businesses are also partly affected, costs have to be affected, it’s difficult but it’s difficult. I also have to try to do it well by all measures to tighten, not to let the price of gasoline have a big impact on the business.”

Despite being under pressure from rising gasoline prices, retail systems are also managing and implementing many solutions to try to control and keep prices stable so that consumers can buy goods at the best possible price.

Representatives of some systems confirmed, there will be no case of price spikes. Manufacturing and distribution enterprises have established linkages to supply goods in all situations.

Mr. Nguyen Thai Dung, Director of Trading and Retail Division, BRG Group shared: “We also changed our strategy, approaching directly to manufacturers, which helps us to be able Better control of the quality of goods through instructions, through standards sent to manufacturers, farmer households, cooperatives, in addition, we will also be proactive in supplying goods to customers. supermarket distribution and retail systems, and especially, will save intermediary costs and that will contribute to reducing selling prices and attracting more customers to them”.

The Ministry of Industry, Trade and Finance said that gasoline prices increased sharply on May 11 for many reasons. First, the world petroleum market last week had many big fluctuations. The fact that the European Union proposed an embargo on petroleum products from Russia and OPEC + did not increase output compared to the plan as proposed by the European Union, causing concerns about petroleum supply to the market. .

Besides, crude oil demand increased after the US announced a plan to buy 60 million barrels to replenish emergency reserves. These factors have pushed up the price of finished petroleum products.

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