The Ministry of Finance has issued Directive No. 3847/BTC-QlG ordering relevant municipal and provincial departments to enhance price management and stabilisation.

The move came as part of efforts to prevent dealers from pushing up the prices of essential commodities improperly on the back of rising retail petrol price, which rose by 1,430 VND to 24,580 VND per litre from March 28.

Relevant agencies were requested to constantly monitor prices of key commodities like food, foodstuff, medicines, milk, and gas, as well as transport services.

At the same time, they must keep a close eye on price registration and declaration, clamp down on price hike registrations which are not directly affected by the fuel cost adjustment, as well as supervise prices of products and services imposed by the State.

Those engaged in production with intensive use of petroleum and oil are also encouraged to innovate technology and apply fuel-saving solutions, thus helping increase output and lower selling prices.-VNA