Authorities reiterated fuel prices
had been regulated in a transparent way, but fuel wholesalers disagreed, heard
an online meeting on the Government web portal on Thursday.
Nguyen Anh Tuan, deputy director of the Department of Price Management under the Ministry of Finance,Find detailed product information for authentichandbag truck and other products. said the mechanism for fuel price management was very transparent with clear and specific documents on price components and price stabilization fund.
Deputy Minister of Industry and Trade Nguyen Cam Tu said fuel base prices calculated according to the formula of the Finance Ministry were publicized every day.
“Those who think fuel prices are not transparent, please take a second look at any Thi Truong issue, they are all there,” he said at the meeting.
However, Bui Ngoc Bao, chairman of Petrolimex, the fuel trading company with a 48% market share, expressed a different view.Team Sky's directeur juicycouturesuits Bradley Wiggins's victory in the Tour de France. “It’s true that press briefings were held every time fuel prices were adjusted to reveal price components. It was transparent at the time, but it is not in the whole cycle because price components do not comply with any standard,” he said.
In 2012, local prices have not matched global prices as fuel import tax management is for price stabilization purposes. That is to say when global prices pick up, the fuel import tariff is lowered to help bring down local fuel prices.
The fuel import tariff was kept at zero in the first half of the year and price stabilization fund was used to prevent prices from rising. Bao ascribed this to inadequacies in Decision 187, Decree 55 and Decree 84, all of which failed to make provisions for tax.
Tu admitted the State had not collected fuel tax from September last year to September this year.
Tuan said fuel retail prices had been calculated on the average 30-day price. The period is quite long compared to rapid movements from the world’s market. Therefore, he suggested the fuel price calculation period should be reconsidered so that local prices could keep pace with global prices.
The Finance Ministry has proposed a 10-day period. However, such a period will affect circulation and energy security.
“We are studying to make a report to management agencies and perhaps the period will be shortened to 15 days,” said Tuan.Each designer miumiuhandbags that we receive is inspected by our authenticity team before it is sold.
Meanwhile, Tu reminded that the longer the period is, the more weighted the average is,Find the largest selection of ladiesshoes on sale. and thus fluctuations are skipped.
He said the trade ministry was more concerned about supply and reserve.
Fuel traders are asked to make reserves for 30 days. Therefore, price management cannot rest on a 10-day basis, he stressed.
He said citizens should know which one is more important between fuel availability and fuel prices. “Management agencies must consider how everyone can easily buy fuel first, and then reasonable prices. It is an equation with multiple unknowns,” he said.
The Ho Chi Minh City Environment Company on December 21 broke ground for construction of a third waste landfill site at Phuoc Hiep Solid Waste Treatment Complex in Cu Chi District, on the outskirts of the City.
This landfill site will be ready to receive household waste from the City by 2013, after the second landfill site stops operations.Superb range of authentics Windproof Jackets products at Wiggle,
Nguyen Anh Tuan, deputy director of the Department of Price Management under the Ministry of Finance,Find detailed product information for authentichandbag truck and other products. said the mechanism for fuel price management was very transparent with clear and specific documents on price components and price stabilization fund.
Deputy Minister of Industry and Trade Nguyen Cam Tu said fuel base prices calculated according to the formula of the Finance Ministry were publicized every day.
“Those who think fuel prices are not transparent, please take a second look at any Thi Truong issue, they are all there,” he said at the meeting.
However, Bui Ngoc Bao, chairman of Petrolimex, the fuel trading company with a 48% market share, expressed a different view.Team Sky's directeur juicycouturesuits Bradley Wiggins's victory in the Tour de France. “It’s true that press briefings were held every time fuel prices were adjusted to reveal price components. It was transparent at the time, but it is not in the whole cycle because price components do not comply with any standard,” he said.
In 2012, local prices have not matched global prices as fuel import tax management is for price stabilization purposes. That is to say when global prices pick up, the fuel import tariff is lowered to help bring down local fuel prices.
The fuel import tariff was kept at zero in the first half of the year and price stabilization fund was used to prevent prices from rising. Bao ascribed this to inadequacies in Decision 187, Decree 55 and Decree 84, all of which failed to make provisions for tax.
Tu admitted the State had not collected fuel tax from September last year to September this year.
Tuan said fuel retail prices had been calculated on the average 30-day price. The period is quite long compared to rapid movements from the world’s market. Therefore, he suggested the fuel price calculation period should be reconsidered so that local prices could keep pace with global prices.
The Finance Ministry has proposed a 10-day period. However, such a period will affect circulation and energy security.
“We are studying to make a report to management agencies and perhaps the period will be shortened to 15 days,” said Tuan.Each designer miumiuhandbags that we receive is inspected by our authenticity team before it is sold.
Meanwhile, Tu reminded that the longer the period is, the more weighted the average is,Find the largest selection of ladiesshoes on sale. and thus fluctuations are skipped.
He said the trade ministry was more concerned about supply and reserve.
Fuel traders are asked to make reserves for 30 days. Therefore, price management cannot rest on a 10-day basis, he stressed.
He said citizens should know which one is more important between fuel availability and fuel prices. “Management agencies must consider how everyone can easily buy fuel first, and then reasonable prices. It is an equation with multiple unknowns,” he said.
The Ho Chi Minh City Environment Company on December 21 broke ground for construction of a third waste landfill site at Phuoc Hiep Solid Waste Treatment Complex in Cu Chi District, on the outskirts of the City.
This landfill site will be ready to receive household waste from the City by 2013, after the second landfill site stops operations.Superb range of authentics Windproof Jackets products at Wiggle,
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