Petrol prices stable, oil prices increase slightly

NDO - Petrol retail prices have been increased slightly by just under VND250 per litre following a joint decision by the Ministry of Industry and Trade and Ministry of Finance.From 15h00 on May 20, a litre of RON 92 petrol was raised by VND243 while a litre of E5 biofuel was up by VND239.Diesel and kerosene increased by VND277 and VND192 per litre respectively.This is the fourth round of petrol price hikes this year, with a total rise of more than VND2,000 per litre.According to the two ministries, the average price of RON 92 petrol on the global market in…... [read more]

The ministries of industry and trade and finance decided to keep the diesel selling price at VND15,883 per litre, E5 at VND16,956 per litre, oil at VND16,073 per litre and mazut at VND12,653 per litre. — Photo vietnamnet HA NOI  (VNS) — The domestic retail price of petroleum remained unchanged at VND17,286 (US$0.80) per litre yesterday, despite the increase in the world price over the past 15 days.The ministries of industry and trade and finance decided to keep the diesel selling price at VND15,883 per litre, E5 at VND16,956 per litre, oil at VND16,073 per litre and mazut at VND12,653…... [read more]

Tran Van Thinh, The adjustment in the selling price of petroleum has stirred a controversy, especially in its transparency though it has become more flexible.Tran Van Thinh, General Director of the Viet Nam National Petroleum Group (Petrolimex) told Vietnam News Agency about the publicity and transparency in petrol trading.What is the basis for Petrolimex to increase petroleum prices this year?Petrol trading requires tight management controls by the Government. The increase of petroleum selling prices is based on the Government's Decree No 84/2009/ND-CP dated October 15, 2009 where traders can adjust petrol prices up to 7 per cent in line with…... [read more]

Though the petrol price has been increasing continuously over the last month, travel firms have affirmed the fees for the tours on the September 2 holiday would be unchanged. Keeping tour fees unchanged, or losing clients Nguyen Minh Man, a senior executive of Vietravel, complained that the petrol price increase would certainly lead to the higher input costs, because travel firms all use automobiles as the main transportation means for domestic tours. Vietravel has a car group of its own; therefore, it can take initiative in drawing up the plan to serve travelers. However, it would suffer because of the…... [read more]

Nhan Dan Online - Domestic prices of retail petrol were raised by VND180 per litre at 12pm today, bringing the price per litre of RON 92 to VND24,690 and the price of RON 95 to VND25,190. Diesel prices were increased by VND70 per litre, with 0.05S diesel now priced at VND22,840. The increases fall within the range set by the Ministries of Finance and Industry and Trade, which stipulated that diesel and petrol prices could be increased by between VND71 and VND189 per litre. The ministries ordered petrol companies to cease use of the Price Stabilisation Fund for kerosene and…... [read more]

HA NOI — Petroleum importers raised retail fuel prices by VND1,100 (US$ 0.05) per litre starting from 5pm yesterday afternoon. Petrolimex, the country's leading fuel distributor, announced prices of VND 23,500 per litre for RON 95 and VND23,000 per litre for RON 92, up from VND22,400 and VND21,000 respectively. Kerosene was set at VND21,540 while mazut increased to VND21,550. The companies' decision followed a request sent to the Ministry of Finance to ask for permission to increase retail prices by up to VND1,400 per litre. However, an inter-ministerial meeting yesterday morning decided on a maximum increase of VND1,100 per litre.…... [read more]

Illustrative image (Source: VNA)Hanoi (VNA) - The price of RON92 gasoline was slashed by 341 VND to 16,168 VND per litre on the afternoon of June 20, as under a joint decision by the Ministries of Industry and Trade, and Finance.Bio-fuel E5 also experienced a price cut of 336 VND, down to 15,647 VND per litre.Meanwhile, respective prices of diesel and kerosene increased by 390 VND, and 370 VND per litre, resulting in a cost of 12,298 VND per litre for diesel and 10,667 VND per litre for kerosene.This is the first time the price of petrol has been cut…... [read more]

A similar cut was also applied for the price of mazut oil, which now costs 18,150 VND (0.86 USD) per litre. Global petrol prices had continued to decline this month, andadvantageous market developments facilitated the moves, the ministriessaid.For the past month, the average retail price of RON 92 was about 522 VND higher than basic prices calculated by enterprises. Diesel and kerosene prices remained unchanged while enterprisescontinued to suffer losses, but the ministries have asked them to stopusing the price stabilization fund to subsidise the two commodities,which have seen subsidy levels of 300 VND and 500 VND per litrerespectively. The…... [read more]

With petrol prices continuing to increase and pushing up transport costs, the prices of some essential products have shown signs of rising.But the Saigon Union of Trading Co-operatives (Saigon Co.op) continues to partner with suppliers to offer the promotions it had announced in early September for a third straight week.Accordingly, in the third week (from September 11 to 17), as part of their promotion month called “Proud of Vietnamese goods 2017”, their largest promotion programme of the year, Co.opmart and Co.opXtra supermarket chains will continue to offer steep discounts on thousands of essential products together with gifts and bonus points.During…... [read more]

A similar cut was also applied for the price of mazut oil, which now costs VND18,150 ($0.86) per litre. Global petrol prices had continued to decline this month, and advantageous market developments facilitated the moves, the ministries said. For the past month, the average retail price of RON 92 was about 522 dong higher than basic prices calculated by enterprises. Diesel and kerosene prices remained unchanged while enterprises continued to suffer losses, but the ministries have asked them to stop using the price stabilisation fund to subsidise the two commodities, which have seen subsidy levels of 300 dong and 500…... [read more]




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