Strictly regulate the practice of exploiting gasoline price fluctuations to increase prices unreasonably

DNHN - Indeed, in some regions and with certain commodities, there may still be instances of exploiting the price of fuel to boost exorbitant costs, a practice known as "slapping the water with the rain."

At the last meeting of the National Assembly Standing Committee on volunteer work, Head of the People's Volunteer Committee Duong Thanh Binh proposed to the National Assembly Standing Committee to request the Government and the Prime Minister to direct the Ministry of Industry and Trade, Finance and the Ministry of Industry and Trade. 

The relevant ministries and branches have solutions to effectively manage and control the prices of goods and services when adjusting petrol and oil prices to limit the situation of "following" for profiteering; at the same time, pay attention to take measures to support people and businesses.

Responding to this issue, on April 4, the Ministry of Finance said that gasoline prices on the world market had increased recently due to the great impact of the conflict between Russia and Ukraine. 

Accordingly, the Ministry of Finance said that the increase in gasoline prices will directly affect the prices of goods and services with petrol as an input factor, especially freight rates. certain indirect effects on other goods and services. 

However, in some regions and with some commodities, there may still be instances of exploiting the price of fuel to boost exorbitant costs, a practice known as "slapping the water with the rain".

This issue was forecasted and the Ministry of Finance coordinated with other ministries and branches to reppromptlynner. Deputy Prime Minister Le Minh Khai - Head of the Steering Committee for Price Management had comments on directing the management and administration. prices in the first quarter and the whole year of 2022 in Official Letter No. 882/VPCP-TH dated February 10, 2022, Notice No. 65/TB-VPCP dated March 2, 2022, Notice No. 81/TB-VPCP dated 24/ March 2022.

To manage prices in the remaining quarters of 2022, the Ministry of Finance focuses on five contents: 

Firstly, it is necessary to continue to closely monitor the world economic developments, general inflation, and price movements of different countries. fuel and strategic materials, especially the world oil price. On that basis, step up the work of synthesis, analysis, forecasting, pre-elaboration of scenarios and response plans in case goods on the world market continue to increase in production shortly. water, balance supply and demand and manage, and stabilize prices appropriately.

Secondly, continue to implement proactive and flexible monetary policy in close coordination with fiscal policy and other macroeconomic orders to control enforcers according to the set target, and at the same time contribute to supporting economic growth. support and remove difficulties for production, business and people's lives affected by the Covid-19 pandemic. Continue to control core inflation in 2022 to create a basis for general inflation control.

Thirdly, ministries, branches, and People's Committees of provinces and cities shall specifically guide and direct local authorities to strengthen inspection and supervision of price listing; publicize information on prices, and inspect the observance of the law on prices. "Strictly handle cases of speculation, hoarding and unreasonable price increases", the Ministry of Finance affirmed.

Simultaneously, it is vital to regularly monitor petrol and oil prices, to reinforce the organization's examination of company price declatoorder to determine whether the price increase is consistent with fluctuations in input variables, particularly the cost of items supplied. Petrol costs are price-determining variables.

Additionally, local governments must continue to properly administer the market stabilization program, which calls for increased building and implementation by distribution, wholesale, and retail firms to stabilize the price level of products and services in the area.

On February 7, 2022, the Ministry of Finance issued Official Letter No. 1076/BTC-QLG to the ministries, branches, People's Committees of provinces and centrally-run cities, industry associations and corporations on the continuation strengthen the implementation of management and price stabilization.

Fourth, for the management and administration of the prices of specific items, it is necessary to actively and synchronously deploy the proposed solutions for each item under the direction of the Deputy Prime Minister - Head of the Steering Committee to stabilize the situation. determine the market price level.

Concentrate on removing barriers to production and business that prevent them from preparing a sufficient quantity of goods to fulfil customer demand, as well as on facilitating the circulation and distribution of goods and services. In the event of significant price fluctuations, propose and arrange the execution of suitable price stabilization measures following the provisions of the Law on Prices. 

Fifth, maintain a focus on information, propaganda, publicity, and price transparency to ktooknownethe citations in check. Restricting misleading information that confuses consumers and contributes to market instability.

Bich Cau