ID :
25186
Sat, 10/18/2008 - 09:29
Auther :
Shortlink :
http://m.oananews.org//node/25186
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Petrol prices fall by another 500 VND per litre
Hanoi (VNA) - The Vietnam National Petroleum Corp. (Petrolimex) and the Military Petrol Company on October 17 reduced the retail prices of A92 and A95 petrol by 500 VND per litre and kerosene by 300 VND per litre to 16,000 VND and 15,200 VND respectively.
Petrolimex holds the largest market share (60 percent of the national
market) among 11 domestic petrol and oil importers so its decision is
expected to push small domestic petrol businesses to cut their prices in the
near future.
However, consumers said that the decrease is not satisfactory given the
current world oil price.
Specialist said that crude oil price in the New York market was 69.85
USD per barrel, a decrease by 52.5 percent from the peak in July. The
price may continue to fall to below 50 USD per barrel, they added.-Enditem
Petrolimex holds the largest market share (60 percent of the national
market) among 11 domestic petrol and oil importers so its decision is
expected to push small domestic petrol businesses to cut their prices in the
near future.
However, consumers said that the decrease is not satisfactory given the
current world oil price.
Specialist said that crude oil price in the New York market was 69.85
USD per barrel, a decrease by 52.5 percent from the peak in July. The
price may continue to fall to below 50 USD per barrel, they added.-Enditem
