At least 15 taxi companies in Hanoi have announced cuts in fees of between VND200 and VND800 per kilometre, according to a report from the Hanoi Department of Finance.
The move followed instructions from the municipal departments of Finance and Transport after a reduction in petrol prices.
Still, some claim that the price reduction is modest, at between 1.6%-6.5% compared to the current fee level. After the nine consecutive price cuts, the price of Petrol A92 has dropped by VND4,250 per litre and the price of diesel fuel has fallen 15 times for a total of VND3,580 per litre.
Khuat Viet Hung, deputy chairman of the National Committee for Traffic Safety, said that the petroleum price cut would help slash overall transportation fees by 5.6-8%.
According to the Ministry of Transport, to date, 10 transportation firms in HCM City also said they had reduced fees by VND500-2,000 per kilometre.
