Companies grapple with petrol costs

HANOI: Whereas the lowered environmental safety tax lowered petrol costs from April 1, most transport enterprises are struggling.

Retail petrol costs fell by greater than 1,000 dong (18 sen) per liter following the most recent adjustment by the Ministry of Business and Commerce and the Ministry of Finance.

Accordingly, the retail value of RON95 bio-fuel dropped by 1,039 dong (19 sen) to a most of 28,153 dong (RM5.20) per litre, whereas E5RON92 was adjusted right down to not more than 27,309 dong (RM5.04) per litre .

Diesel 0.05S went up from 1,447 dong (27 sen) per litre to 25,080 dong (RM4.63) and kerosene elevated by 1,519 dong (28 sen) per litre. In keeping with the ministry, this was the second decline following seven consecutive hikes in petrol costs in 2022 that triggered value will increase of over 6,500 dong (RM1.20) per litre.

“If the environmental safety tax stayed the identical, the home petrol value on this working interval would have elevated,” a ministry consultant stated.

VU Tuyet Hanh, a consultant of Cuong Thang Transport Co, specializing in transporting items on the North-South route, stated: “Transport enterprises count on petrol costs to drop extra because the adjustment costs doesn’t assist cut back the burden on enterprises. The transport enterprise continues to face difficulties. Many automobiles have needed to cease working.

“Nguyen Ngoc Thanh, director of Kim Phat Transport Co stated: “Gas for container vans often accounts for about 40% of the price of transportation. However from mid-2021, the oil value has elevated by about 50% and companies can’t improve freight charges by that degree.” — Viet Nam Information/ANN


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