Vietnam slashes taxes on petrol imports
July 17, 2023 | 08:34
The MoF has reduced taxes on petrol imports in what it says is a periodic adjustment based on operational reality.
Petrol retailers to buy from multiple sources
April 24, 2023 | 12:29
The Ministry of Industry and Trade (MoIT) informed the National Assembly's Economic Committee on April 21 that petrol retailers will be able to obtain products from multiple suppliers, including distributors and wholesalers, as opposed to the current sole
MoIT and MoF discuss seven petroleum market issues
March 01, 2023 | 09:00
The MoIT has suggested seven provisions to secure the petroleum supply, including an increase in the national petroleum reserve from nine to fifteen days.
Petrolimex readjusts profits to 10 per cent of plan
November 27, 2022 | 16:20
Petrolimex, the petroleum distributor for the domestic retail market, has adjusted its profit target to one-tenth of its original forecasts.
Dung Quat Refinery exceeds design capacity to meet demand
October 20, 2022 | 16:52
Binh Son Refining and Petrochemical JSC is operating Dung Quat Oil Refinery at 109 per cent of the refinery’s design capacity.
MoF proposes to reduce import tax on gasoline and ethanol goods
September 16, 2022 | 11:34
The rate reduction aims to protect domestic gasoline and ethanol producers while still cutting the price of petroleum products.
Consumers feeling the brunt of ballooning gasoline hikes
March 18, 2022 | 08:00
The rise in fuel prices is not only a worry for large enterprises but is also bringing trouble for millions of consumers and individual business households.
Vietnam to import additional petroleum and adjust tax
February 28, 2022 | 11:35
Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
Oil hits five-week high in world while gasoline drops in Vietnam
June 26, 2019 | 10:00
Oil jumped to a five-week high on the back of tensions between the US and Iran as well as the trade war, while the domestic price of gasoline is falling.
State pumps petrol changes
February 06, 2013 | 10:13
The government’s proposed plan to suspend A83 gasoline usage is coming into sharp focus.
Gasoline, diesel prices drop on world trend
May 10, 2012 | 08:31
The retail prices of A92 gasoline and diesel will reduce by VND500 and VND300 a liter starting 10 pm on Wednesday night, according to the Ministry of Finance.
Expert blames unqualified gasoline for bike fires
December 28, 2011 | 15:39
One of the causes for the mysterious fires that destroyed a series of motorbikes nationwide may be the poor quality of the gasoline that they had been filled with, a lecturer at a Ho Chi Minh City university said.
Ministry mulls banning A83 gasoline production
December 06, 2011 | 14:13
A83 gasoline should be banned from being domestically produced, Minister of Industry and Trade Vu Huy Hoang proposed at a meeting yesterday
Petrol price constant despite global fluctuation
June 17, 2011 | 18:48
The Ministry of Finance has decided against cutting petrol prices but instead will raise import duty on petrol and increase the petroleum price stabilisation fund, aimed to balance benefits amongst gasoline companies, state and consumers.
Petrol dealers to cut prices
October 22, 2010 | 15:05
Hanoi - The Ministry of Finance has called on fuel retailers to reduce prices, but will allow them to use resources from the fuel stabilisation fund to offset losses incurred through fluctuating global oil prices.
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