MoF increases fuel tariffs

The Ministry of Finance increased the preferential tariff of some fuel products yesterday for the second time in the last ten days.

Circular 58/2013/TT-BTC, signed yesterday, increased the import duty for petrol from 16 to 19 per cent, diesel from 12 to 14 per cent and natural oil from 14 to 15 per cent.

Previously, the ministries of Finance and Industry and Trade also asked enterprises to reduce the fuel price in the market in order to stabilise the local price.

This time, there has not yet been a request for price reductions in the market, said Tran Minh Ha, sale manager of Saigon Petrol.

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