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petrol

Govt will not manage kerosene prices from April 29

Gov’t will not manage kerosene prices from April 29

Việt Nam will stop regulating kerosene prices from April 29, allowing businesses to set retail prices based on market conditions under a new decree issued by the Ministry of Industry and Trade on Tuesday.
Dung Quất biofuel plant set for full-capacity operations in April

Dung Quất biofuel plant set for full-capacity operations in April

The Dung Quất Biofuel Plant is accelerating production and is expected to reach full capacity around mid-April, supplying ethanol for nationwide E10RON95 biofuel blending.
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.
Refineries directed to operate at maximum output

Refineries directed to operate at maximum output

The Bình Sơn Refining and Petrochemical Joint Stock Company, and the Nghi Sơn Refining and Petrochemical Company Limited need to optimise operations under technically feasible conditions to contribute to increasing the supply of petroleum products to the domestic market amidst...
Kerosene temporarily excluded from fuel base pricing

Kerosene temporarily excluded from fuel base pricing

The Ministry of Industry and Trade has temporarily suspended the use of kerosene in the calculation of fuel base price until April 28, according to the ministry’s Decision 571 dated March 28.
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.
Govt proposes halving fuel taxes to ease price pressure

Gov't proposes halving fuel taxes to ease price pressure

Under a draft resolution of the National Assembly’s Standing Committee, the taxes on gasoline (excluding ethanol-blended fuel) and diesel are proposed to be halved to VNĐ1,000 and VNĐ500 per litre, respectively. The tax on jet fuel is proposed to be...
VN strengthens measures to prevent smuggling of fuel at borders amid global energy shocks

VN strengthens measures to prevent smuggling of fuel at borders amid global energy shocks

The General Department of Customs under the Ministry of Finance has sent a directive to regional customs branches requiring tighter control and enhanced anti-smuggling measures to prevent fuel smuggling across the country’s borders amid volatility in global energy markets.
Retail fuel prices increased sharply, RON95 up more than VNĐ5,000 per litre

Retail fuel prices increased sharply, RON95 up more than VNĐ5,000 per litre

Việt Nam increased retail fuel prices from 11pm on Wednesday with increases by VNĐ3,520 to VNĐ9,000 per litre while the fuel price stabilization fund continues to be tapped at VNĐ3,000-4,000 per litre.
Most fuel prices slightly increase after sharp drop

Most fuel prices slightly increase after sharp drop

Domestic retail fuel prices mostly increased slightly from 10pm on March 12 in the latest adjustment by the ministries of Industry and Trade, and Finance, after a sharp a day earlier.
Fuel prices slashed as stabilisation fund deployed

Fuel prices slashed as stabilisation fund deployed

The price of RON95-III petrol – the most widely used grade – fell by VNĐ3,880 to VNĐ25,240 (US$0.95) per litre.
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.
Fuel prices rose again, price stabilisation fund tapped to cushion the increase

Fuel prices rose again, price stabilisation fund tapped to cushion the increase

According to an announcement by the Ministry of Industry and Trade effective from 11.45pm Tuesday, the price of RON95-III gasoline rose by VNĐ2,080 per litre to VNĐ29,120.
Hà Nội moves to curb fuel hoarding after rush at petrol stations

Hà Nội moves to curb fuel hoarding after rush at petrol stations

City officials say the recent rush to petrol stations was driven largely by public anxiety rather than any real supply shortage, as regulators move to stabilise the market.
Retail fuel prices increase sharply after global oil surge

Retail fuel prices increase sharply after global oil surge

The retail price of E5RON92 biofuel rose by VNĐ3,777 (US$0.14) to a maximum of VNĐ25,226 per litre. The price of RON95-III gasoline increased by VNĐ4,707 to VNĐ27,0