Calculation of petroleum import tax based on weighted average of the tariffs along with locally produced petrol from Dung Quat Oil Refinery would benefit consumers, Vu Thi Mai, deputy minister of finance, said.
The domestic retail price of petroleum increased by VND646 to touch
VND15,586 ( 69 US cents) per litre on May 5, the Ministry of Industry
and Trade (MOIT) said.
