Before date 15/9/2008, to stabilize the retail price of petroleum, the state implemented through price subsidy mechanisms principal traders. Only 2 in 2007 and 2008, when gasoline prices are not yet operating under market economy, the state budget amount to pay out to cover losses up to about 33 625 billion.
Also since ND84 born, clearly defined management principles to the fuel price, "according to market mechanisms, with the authority of the state". With this principle, principal traders solely responsible for its operations, correct market mechanisms and the state does not subsidize, subsidize. Key traders shall have to take part in stabilizing prices in accordance with current law and offset the cost of joining reasonable price stabilization.
Currently, the state is increasing SOEs and Company to ensure competition in the petrol market, rather than to a monopolist.
Although the state has awarded franchises for SOEs and joint stock company, but such activities .. remained under the authority of the state. and economic, political, security and defense, the state will not have the intention to allow the participation of foreign companies.
Do still have to depend on the state, although the petroleum market had counted but no significant competition, prices are still fluctuating and unstable. this triggered a devastating impact on the user and consumer economy.
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