More local businesses worry amid growing petrol prices
VOV.VN - Petrol prices continued to grow at the beginning of the year, causing many more local businesses to worry about the sharp increase in business costs and reduced competitiveness.
Amid this context, businesses have been forced to make plans aimed at adapting to the production and business situation following the Lunar New Year, locally known as Tet
The Environmental Protection Tax placed on petroleum products has increased once again. In addition, the retail price of petrol and oil is being domestically applied according to the adjustment session on January 30 by the Ministry of Finance and the Ministry of Industry and Trade. Specifically, the price of RON 95-III gasoline expanded by VND993 per litre to VND23,147.
The price of E5 RON 92 gasoline also increased by VND977 to reach VND22,329 per litre.
Elsewhere, oil products recorded an increase in price. Each liter of diesel oil rose by VND890 per litre to VND 22,524, while kerosene was at VND22,576, up VND767 per litre, with fuel oil being VND13,934 per kg, an increase of VND568 per litre.
Immediately after the price adjustments, many businesses were forced to quickly adjust their production and business situation, especially making adjustments to prices in order to suit each contract.
According to Le Thanh Thao of the Legal Department of Quang Chau Transport Joint Stock Company based in Ho Chi Minh City, the company has made plenty of flexible adjustments to maintain the operation of more than 200 means of transport, containers, and more than 180 drivers in a bid to maintain business operations and ensure employment for drivers.
Gasoline prices have increase, but the adjustment of charges must also be carefully considered because the volume of goods after Tet has decreased, although production units have plenty of choices regarding transport units with competitive freight rates.
Over the coming days, many freight companies will focus on exploiting new customers from countries such as Cambodia and Laos.
This increase in petrol prices also greatly limits the competitiveness of Vietnamese transport enterprises. Recently, agricultural production activities have suffered from the price increases of agricultural inputs and input materials.
The increase in prices of agricultural materials and input fuels is mainly related to fluctuations occurring in terms of gasoline prices. Therefore, businesses are being forced to continue to strain themselves to solve the problem of stabilizing commodity prices.
Nguyen Viet Vi, director of Phuoc Thien Trading - Service Cooperative in the southern province of Binh Phuoc, shared that in the current difficult context, his co-operative is still trying to maintain more than 1,000 hectares of specialised red-fleshed jackfruit farming area and some other fruits by maintaining orders, especially export ones.
The co-operative has tried to be as flexible as possible in order to operate the farm system, whilst minimizing input costs by changing a lot of production methods. It is also negotiating directly with carriers as a way of maintaining price stability for agricultural products, Thao went on to say.
Currently, the co-operative does not put profit on the top but is seeking to ensure enough expenses to make a little income to reach an average level, Vi added.