Macro Update - Gasoline price could soon up VND600 – VND 1,000/ litre
  • 2012-07-30T00:00:00
  • Macroeconomics
Based on our calculation, in the next few days, gasoline price may see the second time increase this month. The current 30-day-average price of M92 has been lifted to about VND22,000 per litre, or VND1,000 (4.8%) higher than current retail price of VND21,000/litre, based on Bloomberg data. However, we expect the Ministry of Finance (MoF) may also consider lowering the import tax rate by 2% to 10% to support businesses and the overall economy; thus the new retail price could be lower at around VN