Less worry

- The price of gasoline continued to decrease because the import price decreased compared to the previous period. In our country, the price of gasoline also decreased due to the 2% reduction in value added tax (VAT). Besides, the price of oil had a different development. The price of diesel oil increased, while the price of fuel oil decreased.

- What is the impact of the decrease in gas prices on life?

- Gasoline is not just for filling the tank to run vehicles that use this type of fuel. Gasoline is also an input for many manufacturing industries. There are industries that use gasoline as an input material, for example, the petrochemical industry to make chemicals. The electricity industry uses gasoline as energy to produce electricity. Similarly, agriculture , fisheries, and construction. Gasoline prices affect the costs of many sectors. Reducing them is a good thing.

- I see. So, reducing VAT on gasoline will have a positive impact on prices. On the other hand, the reduction in gasoline costs also contributes to increasing domestic spending. It is understandable that with the same budget, if one thing is reduced, the other will have a chance to increase.

- From now until the end of 2026, reducing VAT on gasoline is always good news. The only concern is that if world gasoline prices increase sharply, reducing VAT will not be enough to compensate. In the context of not clearly improving income, if electricity costs can be reduced, it will be even better. Both people and businesses want to reduce their burden.

CROSSED WORDS

Source: https://www.sggp.org.vn/bot-ganh-lo-post802537.html