Finance Ministry proposes freight, fare reduction

The Ministry of Finance has proposed the Ministry of Transport and local authorities to instruct transport companies to lower their freight and fare rates to suit petrol price reduction trend.

A filling station in HCMC (Photo: SGGP)

According to the ministry, petrol price has reduced in accordance with market-based mechanism since early this year and positively impacted the common market including transport sector.

The prices of RON 92 petrol and ethanol gasoline blend E5 were reduced by 768 VND per liter on August 19, the 14th adjustment so far this year. Previously on August 4, it fell VND 816 a liter.

By P.Duy – Translated by Hai Mien

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