Fuel prices simultaneously decline

Fuel prices simultaneously decline

After climbing for five consecutive times, the ministries of Industry and Trade and Finance, on November 25, decided to lower retail gasoline prices. However, the prices of RON95 and E5 RON92 gasoline remain at a high level.
Experts suggest reducing taxes to stabilize gasoline prices

Experts suggest reducing taxes to stabilize gasoline prices

Domestic retail prices of petrol and oil products were allowed to adjust to the new selling price, with an increase of more than VND1,400 per liter for gasoline and more than VND1,000 per liter for oil as of 4 p.m. on October 26. As the global oil prices have risen to the highest level in the past seven years, while the Fuel Price Stabilization Fund has almost been exhausted, the most feasible solution is to reduce taxes to share difficulties with consumers and businesses.
Vietnam can control domestic petrol prices by adjusting taxes, fees: experts

Vietnam can control domestic petrol prices by adjusting taxes, fees: experts

Rising global oil prices have been putting pressure on gasoline prices in the domestic market. According to the report of the General Statistics Office of Vietnam under the Ministry of Planning and Investment, an increase of 12.08 percent in the five-month domestic gasoline prices and 15.32 percent year-on-year in gas prices are one of the main reasons for the rise in the consumer price index (CPI) in the first five months of this year.
Fuel prices slightly increase, price of RON95 gasoline unchanged

Fuel prices slightly increase, price of RON95 gasoline unchanged

Due to new Covid-19 cases and unchanged global fuel prices, the ministries of Finance and Industry and Trade on July 28 decided to keep the price of RON95 gasoline unchanged, just slightly increase the prices of the remaining petroleum products.

Fuel prices sharply decline

Fuel prices sharply decline

The price of fuel in Vietnam simultaneously dropped as of 3 p.m. on February 14, according to the order by the ministries of Industry and Trade and Finance.
Petrol drops, oil climbs

Petrol drops, oil climbs

According to order of the ministries of Industry and Trade and Finance, petrol prices in Vietnam slightly declined while oil prices edged up as of 3 p.m. on December 16.