Petrolimex to make public fuel cost structure

Vietnam National Petroleum Corp. (Petrolimex), the country’s largest fuel distributor with some 70% market share, will make public information on how retail prices are derived through its website, www.petrolimex.com.vn. The move follows a recent decree which allows petroleum traders to regulate prices themselves, ushering in a new market mechanism, Petrolimex’s general director, Bui Ngoc Bao, said. (March 11, 2010)