Fuel prices drop for third straight time
HCMC – Domestic fuel retail prices continued to slide further from 3 p.m. today, May 11, marking the third consecutive decrease since the end of April. RON 95-III gasoline dropped by VND1,320 to VND21,000 per liter and E5 RON 92 bio-gasoline costs VND20,130 per liter, down by VND1,300, according
Local fuel prices decline further
HCMC – Domestic fuel retail prices dropped by over VND1,000 per liter today, May 4, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON 95-III gasoline now sells for VND22,320 per liter, down by VND1,310, while E5 RON 92 bio-gasoline costs VND21,430 per
Ministry wants lending conditions eased for fuel companies
HCMC – Minister of Industry and Trade Nguyen Hong Dien has asked banks to facilitate gasoline imports for suppliers and retailers by easing lending conditions and raising credit limits. Speaking at a conference on fuel supply for the domestic market, chairman of the Vietnam Petroleum Association
Gasoline prices move sideways, oil prices inch down
HCMC – Domestic retail prices of gasoline saw little change versus March 21, while the prices of oil products, except for diesel oil, fell slightly starting at 3 p.m. today, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The current price of RON95-III
Fuel retailers propose base-price and commission setting council
HCMC – Fuel retailers have proposed the ministries of Industry-Trade and Finance establish a council for determining the base prices and commissions for fuels. The proposal was mentioned in their letter to the prime minister yesterday, March 14. Government Decree 95, issued in 2021, defines the
Local fuel prices inch up
HCMC – Retail prices of fuels were revised up at 3.00 p.m. today, March 13, according to an announcement jointly released by the ministries of Industry-Trade and Finance. RON95 gasoline is now priced at VND23,810 per liter, up VND490 per liter, while E5 RON92 bio-gasoline sells for VND22,800 per
Gasoline prices inch down
HCMC – Domestic fuel prices fell by around VND300-750 per liter or kilogram starting today, February 21, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. RON95-III gasoline and E5 RON92 bio-gasoline now sell for VND23,440 and VND22,540 per liter, with
Special consumption tax on gasoline still in place
HCMC – The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050. The special consumption or excise tax is a government levy on specific goods and services whose
Gasoline rises, diesel falls
HCMC – Gasoline prices in Vietnam continued rising further today, February 13, while diesel oil edged down. The ministries of Industry-Trade and Finance revised the retail prices of gasoline nationwide, with RON 95-III gasoline and E5 RON 92-III bio-gasoline selling for VND23,760 and VND22,860 per
VCCI proposes allowing businesses to set fuel retail prices
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages. VCCI also proposed doing away with the fuel price stabilization fund as it has failed to stabilize
Fuel businesses cry for help
HCMC – Hundreds of fuel companies have written to the prime minister saying the current regulations are putting a strain on their operations. The Government Office said it had received about 250 petitions to revise the law on fuel trading from fuel traders and retailers. In the letters, they asked
Shorter fuel price review cycle proposed
HCMC – The Ministry of Industry and Trade has proposed reviewing and adjusting fuel prices every seven days, instead of the current 10, to make it possible to align domestic and global gasoline prices. The weekly price review would take place every Thursday, except on holidays. If the adjustment