Proposal for petroleum businesses to announce new prices at least 30 minutes in advance

The Ministry of Industry and Trade has put forth a new proposal concerning the mechanism for adjusting petroleum prices. Under this proposal, petroleum businesses would be granted the autonomy to determine their retail prices. This marks a potential shift in the current management of fuel prices.

Accompanying this autonomy is a mandatory requirement for transparency and fairness. Specifically, businesses would be required to announce any new price levels at least 30 minutes before they come into effect. This regulation is designed to prevent non-transparent practices, such as implementing price increases ahead of schedule or delaying price reductions when market conditions would favor consumers. The objective is to foster a more equitable and predictable petroleum business environment for both companies and the public.

Key points
* Ministry of Industry and Trade proposes businesses set their own fuel prices.
* Businesses must announce new prices at least 30 minutes prior.
* Rule aims to prevent early increases or delayed reductions.

Nguồn / Source: VnExpress - Kinh doanh