Vietnam: New fuel price hike seen unlikely

Vietnam: New fuel price hike seen unlikely

Although fuel import prices have remained over US$60 per barrel in the past
few days, the possibility of a fresh fuel price hike in the country is low.

A report on the website of the Ministry of Industry and Trade says the
average price of RON92 gasoline imported from October 20 to 31 was US$60.8
per barrel, US$1 higher than the previous 15-day period ending October 19.
Meanwhile, the import prices of diesel oil 0.05S and kerosene were unchanged
at US$61.62 and US$61.05 per barrel, respectively.

A fuel wholesale trader said the base price of gasoline was VND700 a liter
higher than the retail price, and VND350 for diesel oil and kerosene.

Currently, fuel trading firms are allowed to use the national fuel price
stabilization fund to offset the difference between the base and retail
prices. They can get VND600 for every liter of RON92 sold, and VND300 for
diesel and kerosene.

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Ref:
http://english.thesaigontimes.vn/50585/New-fuel-price-hike-seen-unlikely.htm
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com