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Vietnam dropped its
petrol retail price for 95-octane petrol by 4 percent to 18,500 dong ($1.12)
per litre on Thursday following lower world oil prices, top retailer
Petrolimex said.
Prices for 95-octane petrol have been cut from 19,300 dong, while
the price of 92-octane petrol was reduced 5.3 percent to 18,000 dong,
according to a Petrolimex price list in effect from 0300 GMT on
Thursday. Petrolimex, also the country's top oil product importer, kept the
retail price for 0.05 percent sulfur diesel unchanged at 15,950 dong
per litre.
Petrol smuggled via borders has reduced by 80 per cent, said deputy director of the Market Watch Department (under the Ministry of Industry and Trade) Pham Quang Vien.
Government’s Steering Committee for anti-smuggling, counterfeiting and trade fraud, and effective co-ordination between customs, border guards, police and market watch officials to synchronously implement solutions preventing petrol smuggling.
The solutions included that petrol stations along border areas could only sell fuel to people travelling in vehicles, not to people with just barrels or oil cans. Authorities would close petrol stations that were unqualified to do this business, or that exported petrol illegally. New petrol stations in the south-west border region would not be allowed to open in order to prevent petrol smuggling in those areas as well.
Currently, petrol stations in border areas are open from 6am to 6pm only, following the times that border gates open and close. From early July, border stations began selling petrol to vehicles migrated into Viet Nam at international selling prices.
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