We need to make our stance clear!
(Baonghean) - At noon on November 22nd, fuel prices were further adjusted downwards. Accordingly, RON 92 and 95 gasoline decreased by 1,141 VND/liter, diesel decreased by 585 VND/liter, and kerosene decreased by 459 VND/liter.
It is understood that this reduction in gasoline and diesel prices is due to the price of refined petroleum products on the world market during the pricing cycle. This is the 10th consecutive price reduction (most recently, on November 7th, gasoline prices decreased by 950 VND/liter), a move consistent with the principles for determining selling prices in Government Decree 83 on the management of petroleum business, which officially came into effect on November 1st, 2014.
Thus, Decree 83 on the management of gasoline and diesel fuel business has truly come into effect and effectively impacted the market, ensuring a balance of interests between the state, businesses, and consumers. According to the decree, gasoline and diesel prices are adjusted according to market mechanisms, with state management aimed at increasing autonomy for businesses and ensuring transparency in the gasoline and diesel market. The minimum time between two consecutive price adjustments is 15 days for price increases and a maximum of 15 days for price decreases. Furthermore, the decree does not restrict the amount of reduction, the time between reductions, or the number of price reductions, unlike Decree 84/2009/NDD-CP which stipulated price reduction margins of 12% or less and 12% or more. Domestic gasoline and diesel prices promptly reflect global gasoline and diesel price fluctuations, with adjustment margins and frequency aligned with socio-economic development and consumer sentiment.
Previously, public opinion reacted strongly to the rapid and significant increases in gasoline and diesel prices. However, recently, with the decisive intervention of the Government and the Ministries of Industry and Trade and Finance, gasoline and diesel prices have continuously decreased, with some reductions being substantial. These positive signals from the fuel market are welcomed by consumers. The question is, while gasoline and diesel prices are continuously falling, and transportation companies yesterday committed to lowering prices, the prices of other essential goods remain unchanged. The economy operates on a market mechanism; there is no justifiable reason to explain why input costs have decreased sharply while output prices remain high. Therefore, when the role of price management agencies has not been effective, consumers need to express their stance and boycott goods and businesses that charge excessively high prices and provide substandard services. This will contribute to the harmonious adjustment of interests according to market fluctuations.
Viet Phuong
