|
|
Article: VIETNAM'S PETROL RETAIL PRICE INCREASES.
- Article from:
- AsiaPulse News
- Article date:
- July 22, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HANOI, July 21 Asia Pulse - The retail price of lead-free RON 92 petrol increased 4,500 VND to 19,000 VND (US$1.19) per litre as from 10 a.m. on July 21, said the Finance Ministry and the Ministry of Industry and Trade at a press conference in Hanoi in the morning of July 21.
The prices of some kinds of oil and kerosene have also risen between 2,000-6,100 VND per litre.
Speaking at the press conference, Deputy Prime Minister Hoang Trung Hai said that the State cannot maintain the current price subsidy level for petrol any longer. He said that even with the new adjustment, the State still has to subsidise 70 percent of petrol prices.
He said that ...