Malaysia wants to sell gasoline 13,000 VND/liter to Vietnam, what does the Ministry of Industry and Trade say?

Recently, the press reported, at the seminar “Promoting exports to the Malaysian market and Muslim countries” held in Ho Chi Minh City, the Ambassador Extraordinary and Plenipotentiary and Plenipotentiary and Plenipotentiary and Plenipotentiary in Malaysia said that the price of gasoline in Vietnam is 31,573 VND. /liter, while RON 95 gasoline in Malaysia is subsidized by the government for people at 13,000 VND / liter.

The government of this country has agreed to export 300,000 liters of gasoline to Vietnam.

Regarding information that attracts public attention in the context gas price Oil is too “hot” now, the leader of the Domestic Market Department (Ministry of Industry and Trade) has officially spoken.

Specifically, the leader of the Domestic Market Department said about gasoline prices, in the current gasoline price structure of Vietnam, taxes and fees account for about 30-32% (equivalent to 10,000 – 11,000 VND/liter). Thus, if there is no tax, the price of gasoline in Vietnam will be about 20,000 VND / liter (equivalent to 0.86 USD / liter).

Before the news that some newspapers reported that the gasoline price in Malaysia was only 13,000 VND/liter, the Ministry of Industry and Trade explained that Malaysia is a big petroleum producer and exporter of petroleum.

In Malaysia, this country does not levy taxes on domestically consumed gasoline and at the same time the government has a policy of subsidizing prices for domestic consumption of gasoline for people.

The Ministry of Industry and Trade is asking the Vietnamese Ambassador to Malaysia to have information to clarify more about the contents that have been announced in the press recently (Photo: Manh Quan).

Currently, the Malaysian government is subsidizing RM 1.65, equivalent to USD 0.4, for each liter of RON 95 gasoline and RM 1.85, equivalent to USD 0.45, per liter of diesel.

Thus, according to the representative of the Ministry of Industry and Trade, if the Malaysian government does not subsidize and if Vietnam does not impose taxes and fees, the price of RON 95 gasoline of the two countries will be equivalent.

In Malaysia, currently RON 95 gasoline is $ 0.87 / liter, while the price in Vietnam if excluding taxes and fees is about $ 0.86 / liter.

According to the Ministry of Industry and Trade, Malaysia’s subsidy policy only applies to indigenous people. Even foreigners in Malaysia have to buy unsubsidized gasoline, so Malaysia’s exported petroleum is sold at the common market price of the region.

As in Singapore, a major petroleum exporter in Asia, gasoline prices are also quite high, Singapore’s RON 95 gasoline price is currently at $2,315 per liter (equivalent to about 54,000 VND per liter).

Recently, some businesses still import Petroleum from the Malaysian market at the same price as those imported from Asian markets such as Singapore (according to MOP’s price is the average daily price set by the news agency). Platt published by Singapore).

About the information that Malaysia wants to export gasoline to Vietnam 300,000 liters of RON 95 gasoline as reported by some press at the seminar “Export promotion to the Malaysian market and Muslim countries” organized by the Center for Trade Promotion and Organized by the Investment Corporation of Ho Chi Minh City (ITPC), the Ministry of Industry and Trade as a specialized ministry of State management of petroleum import and export and as a partner ministry of Malaysia, has not yet received this information.

The Ministry of Industry and Trade is asking the Vietnamese Ambassador to Malaysia to have information to clarify more about the contents that have been announced in the press recently.

According to information from a number of major petroleum hubs, petroleum trading transactions must follow world prices. Vietnam often trades petroleum with Singapore, in addition, there are sources of goods in Thailand, Korea…

According to Dan Tri