Euro 5-standard diesel, Euro 4 RON 95 petrol hit market

The price changes came into effect at 3pm on September 18 The price changes, which came into effect at 3pm on September 18, also increased prices of diesel 0.05S and kerosene by VND576 and VND513 per liter respectively while the price of a kilogram of mazut 180CST 3.5S was raised by VND297. The two ministries confirmed that the prices are not higher than the regulated base prices: Prices of RON 92 and E5 petrol are not higher than VND17,950 and VND17,455 per liter; those of diesel 0.05S and kerosene are not over VND13,886 and VND12,799 per liter; and the price…... [read more]

Accordingly, the base price of diesel oil will increase by VND500 per litre to VND10,373 as from 4 p.m on April 20. The base prices of RON 92 petrol and E5 bio-fuel remained unchanged at VND14,940 per litre and VND14,442 per litre, respectively. Since the beginning of the year, the price of petrol has been adjusted up twice with a total rise of VND1,170 per litre.The base fuel prices will be adjusted by the two ministries every 15 days, depending on the fluctuation of world oil and gas prices since the previous announcement and should be in accordance with the government’s Decree…... [read more]

The Ministry of Industry and Trade (MOIT) has said that the supply of E5 bio-fuel will be able to meet the entire market demand when RON 92 petrol is completely replaced by E5 bio-fuel from January 1, 2018. The total consumption volume of E5 is estimated to reach over 5.3 million m3 in 2018 At a quarterly meeting on July 14, the MOIT said that it worked with 26 petrol wholesalers on July 6 to remove difficulties in trading E5 bio-fuel in order to accelerate the replacement of RON 92.According to the MOIT, the total volume of petrol consumed in…... [read more]

NDO – The domestic retail prices of RON 92 petrol and biofuel E5 were reduced by VND771 and VND881 per litre as of 3pm on November 3, the Ministry of Industry and Trade and the Ministry of Finance announced.After the price-cut, the current retail price for RON92 and biofuel E5 stand at VND17,232 per litre and VND16.737 per litre, respectively.... [read more]

The first foreign-owned gas station in Vietnam opened on Thursday in Hanoi, marking the first time a foreign joint venture has entered the country's petroleum distribution market. Over a year ago, Japanese petroleum giant Idemitsu Kosan Group received an investment license to open a joint venture with Kuwait Petroleum International (KPI) in Vietnam. As a result, the Idemitsu Petroleum Q8 Co. Ltd was formed, with each party holding a 50 percent share. After opening its first station in Thang Long Industrial Park in Hanoi’s Dong Anh District, the joint venture plans to expand its retail gasoline business across Vietnam, said…... [read more]

Diesel and kerosene prices, including added tax, started decreasing at 11am today while that of petrol and oil remained unchanged, according to the Ministry of Finance (MoF). The ministry stated that diesel prices fell by VND400 per litre and kerosene by VND300 to VND20,400 and VND20,200 per litre respectively.Meanwhile, retail prices for RON 92 petrol and RON 95 petrol were unchanged, respectively standing at VND20,800 and VND21,300 per litre.According to MoF information, petrol companies around the country would continue to use the Price Stabilisation Fund at the current rate of VND300 per litre while there would be no change in…... [read more]

Nhan Dan - Retail prices for petrol were increased by VND 410 per litre, effective from 8pm on July 7, pushing the price of RON 95 petrol to an all-time high at VND 26,140 per litre.The price of RON 92 petrol also went up by the same amount to VND 25,640 per litre.In the meantime, kerosene, diesel and fuel oil prices increased by VND 410, VND 290 and VND 130 per litre respectively.This was the second price hike recorded within a month, after the rise of between VND 170 and VND 330 per litre on June 23.The price adjustments were…... [read more]

Nhan Dan Online - The retail prices of petrol were cut by VND330 per litres from 2pm on July 28, the Vietnam National Petroleum Group (Petrolimex) has announced.At the same time, the prices of diesel and kerosene were also slashed by VND350 per litre. The price of fuel oil remained unchanged as its retail price is VND25 per litre lower than the regulated base price.After the price reduction, the price of RON 92 petrol went down to VND25,310 per litre from VND25,640 per litre and the price of RON 95 petrol dropped to VND25,810 from VND26,140.According to the inter-Ministries of…... [read more]

The Viet Nam National Petroleum Group (Petrolimex) has officially sold RON 95 which meets European emission level 3 and 4 standards, according to financial news website is part of the plan to realise Decision No. 49/2011/QD-TTg, dated September 1, 2011, of the Prime Minister providing the roadmap for application of exhaust emission standards for newly manufactured, assembled and imported cars and motorbikes.Comparing RON 95 fuel with European Emission Level 2 Standard (RON 95-II), which is widely and commonly used in the market, RON 95 with emission level 3 (RON 95-III) and RON 95 with emission level 4 (RON 95-IV)…... [read more]

Nhan Dan – Domestic retail prices of petrol were reduced by VND400 per litre at 8pm on October 7 following a recent downward trend in world prices, announced the Ministry of Finance. Accordingly, RON 92 and RON 95 petrol are now sold at VND24,350 and VND24,860 per litre, respectively, while the retail prices of kerosene and mazut remain unchanged. Fuel traders were ordered to maintain the current diesel price despite a decrease in the fuel price stabilisation fund subsidy from VND400 to VND300 per litre. The subsidy for petrol remains the same at VND300 per litre. Petrol prices have been…... [read more]