The gasoline discount has increased to 2,600 VND/liter.

Positive signals from negotiations in the Middle East, oil prices have decreased, the risk of supply shortage has also decreased, so the discounts of key enterprises have increased again.

Current legal regulations on petroleum trading do not stipulate discount rates. Illustrative photo

In business, a discount is a reduction in price that a business gives to customers who buy in large quantities.

According to information from the Department of Domestic Market Management and Development ( Ministry of Industry and Trade ), the discount level is flexibly adjusted by petroleum businesses, reflecting market conditions and depending on fluctuations in supply and demand and prices in the world and domestic markets.

Current legal regulations on petroleum trading in Vietnam do not stipulate discount rates but only create an environment, manage, operate and regulate the ceiling price of petroleum retail prices to protect the interests of consumers and manage the macro economy .

The discount level is high or low depending on the business relationship of the enterprise and the business contract between enterprises.

Decree 80/2023/ND-CP of the Government amending a number of articles of Decree 95/2021/ND-CP and Decree 83/2014/ND-CP on petroleum trading has allowed petroleum retail agents to sign contracts to act as agents for 3 main traders or petroleum distributors, which has also opened up more options for petroleum retail agents in terms of supply sources.

Petroleum retailers will choose traders to supply them with reasonable discounts.

The Department of Domestic Market Management and Development also said that in the past 2 weeks, the world oil market has fluctuated due to conflicts in the Middle East, causing world oil prices to increase, with the risk of supply disruption. Some key traders have reduced the oil discount for agents to 500 VND, or 100-200 VND/liter.

However, by June 25, due to positive signals from negotiations in the Middle East, gasoline prices have decreased, the risk of supply shortage has also decreased, so the discounts of key enterprises have also increased again. Gasoline discounts of some key enterprises on June 30.

The Department of Domestic Market Management and Development affirmed that when participating in business in the market, petrol dealers and retail stores must accept the rules of the market and be subject to market regulation. Therefore, it is necessary to have a business plan to respond when the market fluctuates.

For example, when world oil prices are low and supply is abundant, wholesale and distribution companies can offer high discounts to retailers . However, when world oil prices increase or are forecast to increase, and supply becomes scarcer, retailers may have to accept low discounts, or even negative discounts, but still have to import goods to maintain business operations, in return for enjoying high discounts.

Source: https://hanoimoi.vn/muc-chiet-khau-xang-dau-da-tang-toi-2-600-dong-lit-707766.html