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Vietnam petrol

National Assembly passes zero fuel tax measures until end-June

National Assembly passes zero fuel tax measures until end-June

Lawmakers approved sweeping fuel tax cuts to zero until end-June, aiming to cushion global price volatility and ease domestic cost pressures.
Việt Nam proposes extending fuel tax cuts to the end of June

Việt Nam proposes extending fuel tax cuts to the end of June

The Ministry of Finance has proposed extending tax cuts on gasoline, diesel and jet fuel until June 30, 2026, in a bid to stabilise domestic fuel prices and support economic growth amid global market volatility.
Firms face rising pressure from fuel prices

Firms face rising pressure from fuel prices

Recent fuel price increases triggered by escalating Middle East tensions are placing fresh pressure on production and business as costs rise significantly.
Adjustment to petrol price regulation scheduled after National Reunification holiday

Adjustment to petrol price regulation scheduled after National Reunification holiday

As Thursday, May 1, 2025, coincides with the Labour Day holiday, the next price adjustment following the session on April 24 will be postponed to May 5, 2025.
Petrol prices up nearly VNĐ1,000 per litre

Petrol prices up nearly VNĐ1,000 per litre

The prices of oil and petrol have climbed nearly VND1,000 (US$0.043) per litre folowing the latest adjustment by Ministry of Finance and the Ministry of Industry and Trade on Saturday.
Ministries propose revisions to petrol trading decree

Ministries propose revisions to petrol trading decree

The country should revise Decree 83 on petrol trading, especially regulations related to the calculation of output prices to ensure a transparent petroleum market, said Do Hoang Anh Tuan, deputy minister of Finance Ministry.
Viet Nam spent 3.6 million on petrol imports

Viet Nam spent $3.6 million on petrol imports

Viet Nam imported more than 5.56 million tonnes of oil and petroleum products worth nearly US$3.6 billion in the first five months of the year.
Petrol price drops slightly after five hikes

Petrol price drops slightly after five hikes

Retail prices of RON 92 and E5 petrol ped by VND112 and VND105 per litre, respectively, at 4:55pm on Thursday, according to a joint decision of the ministries of industry and trade, and finance.
VN to import petrol for next five years

VN to import petrol for next five years

Viet Nam is expected to continue importing petroleum products for the next five years as production of major oil refineries is unable to meet the increasing local demand.
Petrol price increased for the third consecutive time

Petrol price increased for the third consecutive time

The Ministry of Industry and Trade increased the retail price of fuel on September 20.
Petrol prices increase by more than VND500 per litre

Petrol prices increase by more than VND500 per litre

The retail prices of RON 92 petrol and E5 bio-fuel increased by VND518 (23 US cents) and VND551 per litre, respectively, on April 5.
Petrolimex to sell 8 per cent stake

Petrolimex to sell 8 per cent stake

Vietnam National Petroleum Group (Petrolimex) will offer 103.5 million ordinary shares, or eight per cent of its stake, to the Japanese JX Nippon Oil & Energy Corporation, officials said.
Retailers slash fuel prices

Retailers slash fuel prices

Retail prices of petrol were slashed at 3pm on December 18, following orders from the ministries of industry and trade and finance.
Petrol up VND275 per litre

Petrol up VND275 per litre

The retail prices of petroleum and biofuel E5 RON 92 increased by VND275 per litre to VND20,711 (US$0.95) and VND20,381 ($0.94) per litre, respectively, from 3pm yesterday.
Dai Hung oilfield gets floating storage unit

Dai Hung oilfield gets floating storage unit

The Vietnam Oil and Gas Group inaugurated and handed over two units to PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC) on March 26.