Less worries

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

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

- Gasoline is not just for filling the tank to run vehicles that use this 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 understand. So, reducing VAT on petrol will have a positive impact on prices. On the other hand, the reduction in petrol 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, the VAT reduction will not be enough to compensate. In the condition that income has not improved clearly, if electricity costs can be reduced, it will be even better. Both people and businesses hope to reduce their burden.

CROSSED TU

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