Vietnam Petroleum Traders Raise Prices by VND500-VND1,000/Liter Today
The government of Vietnam has allowed petroleum traders to raise the retail prices by between VND500/liter and VND1,000/liter from today [Nov. 20] in line with the rise in the world petroleum market.
Prices of gasoline A92 are hiked by VND800/liter to VND16,300/liter; diesel by VND1,000/liter to VND14,300/liter, kerosene by VND1,000 to VND15,200, and fuel oil by VND500/kg to VND12,700/kg.
Traders, otherwise, have to contribute VND100/liter of diesel and VND200/liter of kerosene to the petroleum price stabilization fund.
The world petroleum prices have increased an average of US$5/barrel to US$80/barrel of oil and US$85/barrel of gasoline.
The traders complained they were losing VND1,000/liter of petroleum products due to the rise in the imported prices for 20 recent days.
Vietnam’s current petroleum prices are VND558-VND6,138/liter of gasoline and VND824-VND1,924/liter of diesel lower than those in regional countries, the Ministry of Finance said, giving no comparative figures of GDP and people’s incomes.
This is the ninth petroleum price rise in the Vietnamese market since early 2009, regardless of one price cut on Oct. 1. (chinhphu.vn)
Vietnamese
