Chủ đề: gasoline prices

Commodity prices have continually increased in the first quarter of the year. Normally, after the Tet holiday early in the year, purchasing power is weak and businesses cut prices to stimulate demand, but this year prices are increasing due to rising gasoline prices. Businesses are trying to reduce profits and intermediary stages to stabilize sale prices.

Gasoline prices have increased six times over the past two months and are expected to hit a record VND30,000 ($1.3) per liter. This not only has a negative impact on inflation but also affects production and business activities and erodes people’s incomes. Analysts have said that if the world oil price rises to 150 USD a barrel and if the domestic gasoline price does not stabilize, then inflation will certainly increase to 4.5-5 per cent.