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6 fuel wholesalers to come under scrutiny
The Ministry of Finance will run an inspection into the price registration and commission allocation of six fuel wholesalers between late May and early July.
The companies to undergo the 45-day inspection include PV Oil, Petec, Petimex, Petrol Marine Trading Co, VINAPCO, and Thalexim.
At the end of 2011, the Ministry of Finance audited the fuel import prices at Petrolimex, PV Oil, SaigonPetro, and Petimex.
Last March, the Ministry of Industry and Trade revoked the business license of Petro Mekong, a subsidiary of PV Oil.
The Vietnam National Shipping Lines, or Vinalines, also had its license canceled for failing to meet the required import quota, newswire VnExpress reported.
The State Audit of Vietnam this year also planned to audit three wholesalers including Petrolimex, Saigon Petro, and MIPECO.
Fuel prices in Vietnam on Wednesday enjoyed the second cut of the year.
Retail price of A92 gasoline dropped by VND600 a liter from VND23,300 to VND22,700 (US$1.08) a liter, while diesel oil price was reduced by VND400 to VND21,200 a liter.
Fuel prices have gained totally VND3,000 a liter after two increases so far this year.
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