City container transporters up rates by 20 pct

Container transport operators in hiked tariffs by 15 to 20 percent Thursday following the 24-percent hike in fuel prices earlier that day.

Diesel prices are up VND3,550 ($0.17) per liter to VND18,300, and this fuel accounts for more than 40 percent of their costs, Luong Hoang Trung, Deputy Chairman of the Ho Chi Minh City Transporters Association, said.

Small and medium-sized operators applied the new rates immediately while large ones will wait until March 1, he added.

Tuan Lam Transport said for deals signed before February 16, the new rates will only apply for shipments made after March 1.

Meanwhile, major lubricant, tire, and inner tube distributors have announced a 22-percent hike in prices by.

The government hiked gasoline and diesel prices by 17.5 percent and 24 percent to VND19,300 and VND18,300 as global prices rose.

tuoitrenews, TBKTSG

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