Vietnam Ministry Announces Method to Calculate Oil Product Prices
The Vietnamese Ministry of Industry and Trade has publicize a method to calculate prices of oil products in the domestic market since March 8, according to the MoIT.
Accordingly, import prices quoted on Singapore market, import tax rates, contributions of traders to the national price stabilization fund, oil product fees and current retail oil product prices will be announced on the ministry’s Thi Truong daily newspaper.
The ministry also required domestic petroleum traders to publicize their methods to calculate prices of petroleum and oil products on their websites.
The move followed Vietnamese Prime Minister Nguyen Tan Dung’s request in early March to inspect domestic petroleum price increases in the country in recent months to prevent unreasonable price hikes.
The state-owned Vietnam National Petroleum Corp. (Petrolimex), the country’s biggest petroleum trader, has decided to announce its price calculation method its website from next week.
Tags: Vietnam oil and gas, Vietnam oil and gas sector, vietnam oil gas, Vietnam oil prices
Posted by VBN on Mar 11 2010. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook