Reduce your worries.

- The continued decrease in gasoline prices is due to lower import prices compared to the previous period. In our country, the decrease in gasoline prices is also due to a 2% reduction in value-added tax (VAT). Besides that, oil prices are showing a different trend. Diesel prices are rising, while fuel oil prices are falling.

- What impact will the drop in gasoline prices have on people's lives?

- Gasoline and diesel fuel aren't just for filling tanks to power vehicles. They are also inputs for many industries. Some industries use gasoline and diesel as raw materials, such as the petrochemical industry to produce chemicals. The electricity industry uses gasoline and diesel as energy to generate electricity. Similarly, agriculture , fisheries, and construction also use them. The price of gasoline and diesel impacts the costs of many sectors. A reduction in price would be welcome.

- Understood. So, reducing VAT on gasoline and diesel will positively impact prices. On the other hand, lower fuel costs will also contribute to increased domestic spending. It's easy to understand that with the same budget, if one thing decreases, another has the opportunity to increase.

- From now until the end of 2026, a reduction in VAT on gasoline and diesel is always good news. The only concern is that if world oil prices rise sharply, the VAT reduction may not be enough to offset the increase. Given that incomes haven't improved significantly, a reduction in electricity costs would be even better. Both citizens and businesses hope to alleviate some of their financial burdens.

TU QUEO

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