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petrol

Petrol prices cut from 15:00 on Thursday

Petrol prices cut from 15:00 on Thursday

In this price adjustment, the ministries allocated VNĐ300 per litre of biofuel to the petrol price stabilisation fund, while making no withdrawals from the fund to support prices.
Petrol retail prices revised down from 15:00 on October 15

Petrol retail prices revised down from 15:00 on October 15

The ministries also drew VNĐ500 per kilo from the fund for fuel oil, financed by a temporary advance from the State budget.
BSR forecast to post record profit in 2026

BSR forecast to post record profit in 2026

The forecast is driven primarily by an increase in refining margins, with the crack spread - the difference between the price of crude oil and the selling prices of refined products - projected to reach $33 per barrel, up 160...
Different stations may sell petrol at different prices under a draft decree

Different stations may sell petrol at different prices under a draft decree

The draft is being developed with aims to streamline the supply chain to improve transparency and efficiency, give businesses greater authority to set prices and moving the fuel market towards a market-based mechanism, and to accelerate digital transformation and data-based...
Việt Nam extends preferential fuel taxes through the end of 2026

Việt Nam extends preferential fuel taxes through the end of 2026

The Finance Ministry said extending the tax measures would help ensure energy security, stabilise the economy and support production amid volatile fuel prices and Middle East tensions.
Petrol stations emerge as new battleground for convenience retailers

Petrol stations emerge as new battleground for convenience retailers

The latest move comes from Chinese convenience store operator Meiyijia, which has opened two Ohmee Express outlets at Petrolimex gas stations in Hà Nội, marking the first time the group has deployed its international convenience store format at petrol stations.
Petrol price stabilisation fund proposed to be transferred to the Ministry of Finance

Petrol price stabilisation fund proposed to be transferred to the Ministry of Finance

Active fuel wholesalers would have to determine their fund balances as of the day before the decree takes effect and transfer all positive balances to the Ministry of Finance’s account.
Petrol price rises put pressure on inflation, production costs

Petrol price rises put pressure on inflation, production costs

Fuel prices have risen in four consecutive adjustments for petrol and three for diesel, adding to costs for businesses ranging from livestock producers to transport operators.
Petrolimex, Ohmee Vietnam launch convenience store model at Hà Nộis petrol stations

Petrolimex, Ohmee Vietnam launch convenience store model at Hà Nội's petrol stations

Ohmee Express integrates convenience retail services into petrol stations, allowing customers to purchase food, beverages and other essential products while refuelling their vehicles.
Dung Quất Oil Refinery increases crude oil storage capacity by 12.5%

Dung Quất Oil Refinery increases crude oil storage capacity by 12.5%

Bringing the new storage tank into operation enables BSR to boost its crude oil storage capacity, strengthen its resilience against energy market volatility and help ensure a stable domestic supply of petroleum products.
Finance ministry moves to curb inflation pressure after wage hike

Finance ministry moves to curb inflation pressure after wage hike

Speaking on Monday at the Government''s regular press conference for July, Deputy Minister of Finance Nguyễn Đức Chi said fears that prices would rise ahead of wages have eased in recent years following successive wage adjustments.
Fuel prices fall for third straight week

Fuel prices fall for third straight week

Fuel prices fell for a third straight week, keeping retail rates in Việt Nam below those in neighbouring countries.
E10 biofuel rolled out nationwide

E10 biofuel rolled out nationwide

According to Circular 50/2025/TT-BCT of the Ministry of Industry and Trade, from June 1, all unleaded gasoline circulating in the market must be blended with ethanol to become E10 biofuel before being sold.
Most current vehicle models are compatible with E10 biofuel gasoline: manufacturers

Most current vehicle models are compatible with E10 biofuel gasoline: manufacturers

Việt Nam’s automobile and motorcycle manufacturers said most current vehicle models are compatible with E10 biofuel gasoline but warning that some older vehicles may face operational issues, the Ministry of Industry and Trade has reported.
Hà Nội enhances inspection to ensure smooth E10 biofuel rollout

Hà Nội enhances inspection to ensure smooth E10 biofuel rollout

The inspections are aimed at preventing speculation and fraud during the transition to E10 biofuel – a low-level blend composed of 10 per cent ethanol and 90 per cent gasoline.