Filling stations hoard fuel in anticipation of price hike
Though there has been no official information about a price hike, many petrol stations have used a variety of excuses to stop services in hopes of making higher profits in the near future. One of the most popular More...
Fuel firms still reporting losses
Fuel trading firms said they were incurring losses of VND1,800 per liter of petrol and VND800 per liter of oil and were still waiting for help from relevant authorities. Speaking to the Daily, a representative from More...
Fuel prices to stand
The Ministry of Finance yesterday issued an official regulation letter ordering traders not to raise retail petrol prices. Items Sell price Basic price Disparity RON More...
Ministries to extend interval between fuel price changes
The Ministry of Finance has proposed the Prime Minister extend the interval between the adjustments of fuel prices from the current ten days to 15 days, according to the Ministry of Industry and Trade. The industry More...
Vietnam to cut fuel import taxes by 2% to keep prices stable
Information from the price management group of inter-ministry the Ministry of Industry and Trade (MoIT) and the Ministry of Finance showed that Vietnam will cut fuel import taxes by 2% to keep retail prices unchanged. The More...
Fuel prices rise again, with more to come
Retail petrol prices yesterday increased by VND650 (US$0.033) per litre to VND23,650 while diesel rose by VND300 per litter to VND21,850. The move was made when the oil prices on the global market increased by 13.24 More...
Ministries OK 3rd fuel price hike in August
The retail prices of gasoline and diesel oil/kerosene will go up by VND650-700 per liter and VND300-400 per liter from 7:00 pm today respectively, the third price increase this month, said state agencies and local More...
Fuel prices to go up by VND1,000 per liter: Ministry
The retail prices of petroleum products are expected to rise by some VND1,000 a liter today, Wednesday, said a senior state official. Seven local petroleum wholesalers have submitted their plans to increase the More...
Who benefits from the new fuel management?
No sooner had the Ministry of Finance transferred the right to adjust fuel retailing prices into the hands of wholesalers than the latter began to announce the very first price hikeafter five consecutive drops More...
Ministry mulls amending fuel trading law
The Ministry of Finance has sought permission from the government to amend Decree No 84 on the management of the fuel trading activities, in a bid to increase the transparency of wholesalers’ financial states, More...
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