By Nguyen Kieu Giang
Oct. 14 (Bloomberg) -- Vietnamese fuel retailers are considering reducing gasoline prices because of a decline in international oil costs, Tien Phong newspaper reported without saying where it got the information.
Fuel retailers make a profit of about 3,000 dong (18 cents) on each liter they sell, the newspaper said. Before deciding on the extent of any price cut, the retailers will wait for a government announcement on a potential increase in fuel import taxes to 10 percent from 5 percent, the report said.
To contact the reporter on this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net
Tuesday, October 14, 2008
Vietnam Fuel Retailers Consider Cutting Prices, Tien Phong Says
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