Vietnam gasoline retailers gain vnd700/l

Domestic petrol and oil retailers such as Petrolimex, Saigon Petrol, Vietnam gasoline biggest distributors, are selling at a gain of VND700 per liter of oil and VND100 per liter of petrol as the world prices have declined in the recent time.

Domestic petrol and oil retailers such as Petrolimex, Saigon Petrol, Vietnam gasoline biggest distributors, are selling at a gain of VND700 per liter of oil and VND100 per liter of petrol as the world prices have declined in the recent time, the online newspaper Tuoitre reported on June 7, citing the Ministry of Industry and Trade.

The domestic gasoline prices are higher than the nearby countries that Vietnam has to face with smuggling oil and petrol import, Dam Thi Huyen, Deputy General Director of Petrolimex said.

However, the plan on cut down the prices hasn’t on the table yet while Petrolimex has proposed not to raise the import tax on oil and petrol, instead continue raise the petrol stabilization fund. – Stoxplus.com

Tags: Vietnam gasoline prices

Posted by VBN on Jun 7 2011. 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