Home Commodities

Oil import taxes up, petrol prices down

Jul 4th at 13:12
04-07-2012 13:12:57+07:00

Oil import taxes up, petrol prices down

Import taxes on some petroleum products yesterday increased by 2 per cent, the Ministry of Finance announced. It was the fifth time that fuel taxes have changed this year.

According to Circular 109/2012/TT-BTC, tariffs on RON 97 Oil, naphtha, reformate and alpha olefin rose from 10 per cent to 12 per cent.

Diesel tax was increased to 10 per cent from 8 per cent and the tariffs on aeroplane fuel and kerosene also rose by 2 per cent to 12 per cent.

On Monday, the Ministry of Industry and Trade and the Ministry of Finance cut retail prices of petrol, kerosene and oil on the domestic market following a fall in world oil prices. The price for A2 petrol dropped by VND600 per litre to VND20,600 (US$0.98) and by VND300 per litre to VND17,650 for fuel oil.

Diesel oil prices fell by VND200 per litre to VND19,900 – and kerosene fell to VND20,050.

Tran Ngoc Nam, deputy general director of the Viet Nam National Petroleum Group (Petrolimex), said on Monday that on the world market, the price of crude oil fell by 1.73 per cent to $83 per barrel against the previous day, the lowest rate since April last year.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Gold surges slightly in Vietnam
COMMODITIES Jul 3rd at 22:02

Gold surges slightly in Vietnam

Price of gold in Vietnam surged slightly on July 3 as global price edged up at the trading session this morning.

Petrol and oil prices keep falling
COMMODITIES Jul 3rd at 13:14

Petrol and oil prices keep falling

The Ministry of Industry and Trade and the Ministry of Finance cut prices of petrol, kerosene and oil on the domestic market yesterday following a fall in world...

Large rice mill opens in delta region
COMMODITIES Jul 3rd at 13:04

Large rice mill opens in delta region

A rice mill that can process 24 tonnes of rice per hour and store 40,000 tonnes opened in the Mekong province of An Giang on Saturday.

Cooking gas prices on the decrease
COMMODITIES Jul 3rd at 13:03

Cooking gas prices on the decrease

Retail gas prices in HCM City yesterday declined by VND36,000 (US$1.7) to VND315,000 ($15) per 12-kg canister, according to the city's gas retailers.

Rice yield rises by 466,000 tonnes
COMMODITIES Jul 2nd at 13:14

Rice yield rises by 466,000 tonnes

The Ministry of Agriculture and Rural Development (MARD) estimated a 466,000 tonne increase in this year's winter-spring rice crop compared to that of 2011 with...

Dung Quat exports biofuel to Manila
COMMODITIES Jul 2nd at 13:07

Dung Quat exports biofuel to Manila

PetroVietnam Central Biofuels Joint Stock Company (PCB) shipped 4,300cu.m of ethanol products from Dung Quat Oil Refinery in the central province of Quang Ngai to...

Vietnam Coffee Exports May Rise To 160,000 Tons This Month
COMMODITIES Jun 29th at 13:55

Vietnam Coffee Exports May Rise To 160,000 Tons This Month

Vietnam, the world’s biggest producer of robusta coffee, may export 160,000 metric tons this month, according to figures released today by the General Statistics...

Vietnam Rubber Exports May Rise 16% To 65,000 Tons This Month
COMMODITIES Jun 29th at 13:55

Vietnam Rubber Exports May Rise 16% To 65,000 Tons This Month

Vietnam, the fourth-biggest rubber exporter in 2010, may ship 65,000 metric tons this month, according to the General Statistics Office, 16 percent more than a year...

Vietnam Rice Exports May Rise 12% To 750,000 Tons This Month
COMMODITIES Jun 29th at 13:54

Vietnam Rice Exports May Rise 12% To 750,000 Tons This Month

Vietnam, the world’s second-biggest rice exporter, may ship 750,000 metric tons this month, according to the General Statistics Office, 12 percent more than a year...

Vietnam’s Coffee Crop To Be At Least 25 Million Bags In 2011-12
COMMODITIES Jun 29th at 13:52

Vietnam’s Coffee Crop To Be At Least 25 Million Bags In 2011-12

Vietnam, the world’s largest grower of robusta coffee, may produce at least 25 million bags in the 2011-12 season that started in October and may have another good...

Read More

Commodity prices

MOST READ

Back To Top