Major distributors in the country said that, currently their business activities are making profit for gasoline but loss for oil.
According to VTV, early last week, A92 gasoline imported from Singapore (the main petrol import market of Vietnam) was trading at USD109.4 a barrel. The average price since December ranged at USD110-112 a barrel.
The average price in the first two week of December was USD2 lower than average price in previous month and USD9 less than price in October.
Due to lower price, some major distributors have lifted discount to VND400 a litter from VND300 a litre Previously.
According to Tuoi Tre newspaper, in late November, gasoline imports downed to USD110 a barrel, but major distributors still lifted discount to VND300 per litter for A92 gasoline from VND150-200 a litre in late August.
Source: Xangdau.net
