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Higher fuel prices proposed to fight smuggling
Oil companies and authorities in the southern provinces have recommended including price hike, to cope with the rampant smuggling of gasoline and diesel oil into Cambodia.
The lower fuel prices in Cambodia than in Vietnam has fueled smuggling along the border, which had gone out of control.
The Ministry of Industry and Trade said A92 gasoline in Vietnam is VND19,300 per liter while the price in Cambodia is around VND24,000.
The ministry Monday convened a meeting with authorities of southern provinces and some key fuel trading firms to seek solutions to combat gasoline and diesel oil smuggling from Vietnam to Cambodia.
Fuel smuggling is now active in Tay Ninh, An Giang, Dong Thap and Kien Giang provinces.
In the firs two months of this year, the police seized more than 25,000 liters of smuggled petrol.
Last year, more than 573,000 liter of petrol was seized from smuggler.
The severe petrol smuggling in the recent years has caused loss to many domestic industries as it declines total supply of petrol of Vietnam.
Price change to balance the difference between domestic and the world market price level of petrol can be the fundamental cure for the problem.
vietnamnews, TBKTSG, TT
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