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Petrol and electricity prices under scrutiny

Released at: 12:45, 10/07/2015

Petrol and electricity prices under scrutiny

State Audit of Vietnam has inspected the pricing of petrol and may soon look into electricity prices, which are two matters of increasing public concern.

by Son Ho

Petrol prices have been an issue for many years because of their many fluctuations. State Audit of Vietnam has completed the results of an audit in 2014 and identified some shortcomings when it comes to pricing.

Many major petrol importers have not fully complied with regulations on import quotas and stockpiles. State Audit of Vietnam has requested the government direct the Ministry of Industry and Trade to inspect and appropriately deal with these firms.

As for electricity bills, State Audit of Vietnam is also considering looking into the pricing structure as high bills have shocked many citizens this year. “One of the criteria we base our audit plans on is that the issue is one that society cares about,” said Mr. Dao Van Dung, Head of State Audit of Vietnam. “As it is only one criteria we are still considering the matter and a detailed plan will be finished by December 31.”

Unlike petrol, electricity prices have only recently been seen as a problem due to increases in early summer that included a multiplier method. Since July 1, Electricity of Vietnam (EVN) has started recording electricity meter readings and bills electronically.

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