Ho Chi Minh City Cargo Transport Association yesterday sent a document to transport companies, asking them to lower freight rates as petrol prices have reduced the ninth consecutive time.
Fuel cost accounts for 40-50 percent of auto transport fee, said the association.
Because fuel prices are regularly changed in Vietnam, transport companies and their customers have reached a verbal agreement to adjust the freight rate when fuel prices increase or reduce from 5 to 10 percent.
Diesel price has fallen by 15.7 percent recently. Therefore the association recommended their members to recalculate and reduce the freight rate.
