Home Commodities

Fuel prices go up

May 21st at 07:06
21-05-2016 07:06:02+07:00

Fuel prices go up

The Ministry of Finance and the Ministry of Industry and Trade increased the retail price of fuels on May 20.

According to a ministerial decision sent to wholesale petrol businesses, the ceiling prices of RON 92 and E5 bio-fuel increased by VND243 and VND239 to close at VND15,829 (US$0.7) and VND15,315 per litre, respectively.

The price of diesel oil and kerosene went up VND277 and VND192 to become VND11,300 and VND9,647 per litre, respectively. The price of mazut rose VND290 to reach VND8,150 per kilogram.

In an effort to continue stabilising domestic fuel prices, the two ministries decided that the compensation for petrol dealers who incurred losses during fluctuations in world oil prices would remain unchanged.

Accordingly, dealers will receive an additional VND639 per litre of petrol, VND672 per litre of E5 bio-fuel and VND846 per litre of diesel oil, in addition to VND1,029 per litre of kerosene and VND323 per kilograme of mazut.

This was the second time the price of fuel has increased since early this month.

bizhub

MOST READ

NEWS SAME CATEGORY

Bac Giang seeks to boost lychee consumption
COMMODITIES May 18th at 20:34

Bac Giang seeks to boost lychee consumption

A conference was held in the northern province of Bac Giang on May 17 to discuss measures to promote consumption of “Thieu” lychee this year.

VGTA, banking experts seek national gold floor
COMMODITIES May 17th at 14:41

VGTA, banking experts seek national gold floor

Viet Nam Gold Trading Association (VGTA) chairman, Nguyen Thanh Long, asked the central bank and the Ministry of Finance to set up a national gold trading floor to...

VN tuna exports decline 5.5% year-on-year in Q1
COMMODITIES May 17th at 11:21

VN tuna exports decline 5.5% year-on-year in Q1

Viet Nam's tuna exports to China have risen sharply this year but exports to traditional markets like the US, EU and Japan have fallen, according to the industry...

City aims to boost pet fish market
COMMODITIES May 17th at 11:16

City aims to boost pet fish market

The HCM City People's Committee has approved the Pet Fish Development Programme in 2016-20 with the aim of developing a sustainable pet fish industry.

China stops buying Vietnamese pigs, causing rapid price drop
COMMODITIES May 16th at 11:19

China stops buying Vietnamese pigs, causing rapid price drop

Live pig prices in Vietnam have dropped significantly following a sudden buying halt from Chinese traders, who were previously willing to import the animals at any...

Vietnam animal health introduces shock proposal on Chinese chicken imports
COMMODITIES May 16th at 11:18

Vietnam animal health introduces shock proposal on Chinese chicken imports

While domestic chicken prices are falling over abundant supply, the Vietnamese Department of Animal Health has proposed importing poultry breeders from China...

No excessive lead in URC Vietnam green tea, energy drink: food watchdog
COMMODITIES May 14th at 14:42

No excessive lead in URC Vietnam green tea, energy drink: food watchdog

The latest tests of the green tea and energy drink produced by the Vietnamese unit of leading Philippine food and beverage firm Universal Robina Corporation (URC)...

Less Mekong Delta fruit, higher prices
COMMODITIES May 14th at 11:30

Less Mekong Delta fruit, higher prices

The price of fruit in the Cuu Long (Mekong) Delta has risen recently as the impact of drought and salination has caused fruit output to decline while demand has...

Plan targets higher cashew yields
COMMODITIES May 14th at 10:00

Plan targets higher cashew yields

The sustainable development of the cashew industry will require replacement of old trees with high-quality seedlings, transfer of advanced farming techniques, and...

Thailand's plan to sell stockpiled rice sparks concerns
COMMODITIES May 13th at 08:01

Thailand's plan to sell stockpiled rice sparks concerns

Thailand's plan to accelerate sales of 11.4 million tonnes of rice in stockpiles within two months sparked concerns that it would hurt prices as well as Viet Nam's...

Read More

Commodity prices

MOST READ

Back To Top