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Maroc Maroc - WN.COM - Environment - 25/Jan 09:16

Draft decree proposes allowing petrol traders to set prices

The petroleum market is set for a major overhaul this year as the power to decide the retail prices is proposed to be handed to businesses, replacing the current state management system in a move toward a more market-based mechanism. HÀ NỘI — Việt Nam’s petroleum market is poised for its biggest shake-up in years, with a proposed overhaul that would hand businesses the power to set retail fuel prices, ending the current system of direct State price management and pushing the sector closer to market-based rules. Trần Hữu Linh, Director General of the Department of Domestic Market Management and Development under the Ministry of Industry and Trade, recently said a new decree is being...

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