Major fuel distributors said the current price of gasoline in the domestic market is at VND1,800 a liter lower than the base price. After deducting price from stabilization fund of VND1,000 a liter, they are making loss about VND800 a liter.

In the such as this situation, most of them have to cut off their commission to agents to VND200 a liter. This is the best choice to help them cutting losses, an official from a distributor in Ha Noi said.

They do not reveal about discount levels for agents currently, but Mr Tran Ngoc Nam- Deputy Director General from Petrolimex confirmed that his company has cut discount to agents and cut all costs.

According source from Ministry of Finance, the management agency is considering the fuel price operating measures, include tax break, Stabilization Fund extraction and price increase. However, they will not make the final decision.

Xangdau.net