Transport costs are expected to increase following the hike of petrol retail prices last week. (Photo vtv.vn) Hanoi (VNA) - Enterprises providing transport services and construction materials planned toincrease charges following an increase in fuel prices on the domestic marketrecently.
Petrol retail prices havecontinuously increased over the past few months, directly affecting transportfirms. The domestic retail price of petroleum increased by 319 VND to reach 18,111 VND (79 US cents) per litre on September 20.
Representatives from taxicompanies said transport costs could be increased by 500 VND per kilometre inthe future. The adjustment could make it harder for traditional taxi firms tocompete with Uber and Grab.
Some transport businessesin Hanoi told online newspaper vov.vn that theywere preparing to increase transport costs by 7 percent. However, the exactadjustment would be carefully calculated as petrol price was not stable.Transport firms would end up spending money and have to undertake complicatedprocedures for each adjustment.
Dau Xuan Ngoc, director ofThien Truong Trade, Tourism and Investment Company which provides transportservices on Hanoi-Thai Binh, Hanoi-Nam Dinh and Hanoi-Nghe An routes, saidtransport firms have not made profits with the current petrol price at over 18,000 VND per litre.
He told the newspaper thatthey were trying to reduce some costs to make up for the hike in the petrolprice while waiting for instructions from State management agencies such as theDepartment of Finance and the Department of Transport. They also asked themanagement board of bus stations to reduce service costs.
Prices of buildingmaterials have also been rising in Hanoi. The price of sand was 290,000 VND to 420,000 VND per cu.m, increasing 5 percent in the past two weeks.
Tran Ngoc Duc, a contractorin the city’s Hoang Mai district, said the price of cement had also risen by 10,000 VND per 100 kilos.
The municipal Department ofIndustry and Trade has asked market watch offices to implement checks of theproducts to ensure there are timely solutions to stabilise the market andensure supply.
Tran Thi Phuong Lan, thedepartment’s deputy director, said the city had instructed businesses toparticipate in price stabilisation programmes of essential products in thecity.-VNA
Petrol retail prices havecontinuously increased over the past few months, directly affecting transportfirms. The domestic retail price of petroleum increased by 319 VND to reach 18,111 VND (79 US cents) per litre on September 20.
Representatives from taxicompanies said transport costs could be increased by 500 VND per kilometre inthe future. The adjustment could make it harder for traditional taxi firms tocompete with Uber and Grab.
Some transport businessesin Hanoi told online newspaper vov.vn that theywere preparing to increase transport costs by 7 percent. However, the exactadjustment would be carefully calculated as petrol price was not stable.Transport firms would end up spending money and have to undertake complicatedprocedures for each adjustment.
Dau Xuan Ngoc, director ofThien Truong Trade, Tourism and Investment Company which provides transportservices on Hanoi-Thai Binh, Hanoi-Nam Dinh and Hanoi-Nghe An routes, saidtransport firms have not made profits with the current petrol price at over 18,000 VND per litre.
He told the newspaper thatthey were trying to reduce some costs to make up for the hike in the petrolprice while waiting for instructions from State management agencies such as theDepartment of Finance and the Department of Transport. They also asked themanagement board of bus stations to reduce service costs.
Prices of buildingmaterials have also been rising in Hanoi. The price of sand was 290,000 VND to 420,000 VND per cu.m, increasing 5 percent in the past two weeks.
Tran Ngoc Duc, a contractorin the city’s Hoang Mai district, said the price of cement had also risen by 10,000 VND per 100 kilos.
The municipal Department ofIndustry and Trade has asked market watch offices to implement checks of theproducts to ensure there are timely solutions to stabilise the market andensure supply.
Tran Thi Phuong Lan, thedepartment’s deputy director, said the city had instructed businesses toparticipate in price stabilisation programmes of essential products in thecity.-VNA
VNA
