Home Commodities

Local fuel prices drop sharply

Feb 15th at 14:03
15-02-2020 14:03:07+07:00

Local fuel prices drop sharply

The ministries of Finance and of Industry and Trade today, February 14, lowered fuel retail prices, the local media reported.

 

Local fuel traders can extract VND100 for each liter of bio-fuel E5 RON92 sold to replenish the fuel price stabilization fund. The respective extraction rate for each liter or kilogram of RON95 petrol, kerosene, diesel oil and heavy fuel oil sold is VND600, VND700, VND700 and VND200.

The retail prices of E5 bio-fuel, RON95-III gasoline, diesel oil, kerosene and heavy fuel oil slid by VND765, VND742, VND960 and VND1,108 per liter and VND792 per kilogram, respectively.

Therefore, E5 bio-fuel, RON95-III gasoline, diesel oil, kerosene and heavy fuel oil now sell for less than VND18,503, VND19,380, VND15,175, VND13,954 and VND11,650 per liter or kilogram, respectively.

The global prices of RON92, RON95 gasoline, diesel oil, kerosene and heavy fuel oil fell to some US$63.130, US$64.950, US$66.210 and US$64.255 per barrel and US$290.528 per ton, respectively.

saigontimes

MOST READ

NEWS SAME CATEGORY

Preparations geared up for exporting fresh lychees to Japan
COMMODITIES Feb 15th at 13:37

Preparations geared up for exporting fresh lychees to Japan

The northern province of Hai Duong is taking the necessary measures to export fresh lychees to Japan in 2020.

Vietnam prohibits car maps violating its territorial integrity
COMMODITIES Feb 14th at 08:38

Vietnam prohibits car maps violating its territorial integrity

Companies importing cars with navigation systems in which Vietnamese maps are not accurate will hereafter have their licenses suspended and then revoked.

Toyota Vietnam recalls Alphard MPVs over seatbelt fault
COMMODITIES Feb 14th at 08:36

Toyota Vietnam recalls Alphard MPVs over seatbelt fault

Carmaker Toyota will recall 24 Alphard multi-purpose vehicles imported from Japan to inspect and replace wrongly fitted rear seatbelts.

Smoother path expected after bumpy week for oil
COMMODITIES Feb 14th at 08:20

Smoother path expected after bumpy week for oil

Despite global oil prices experiencing a tumultuous week due to the huge drop in Chinese oil demand, some Vietnamese oil and logistics businesses remain positive...

Car sales in Vietnam plunges 53% in January
COMMODITIES Feb 13th at 14:39

Car sales in Vietnam plunges 53% in January

In January, Vietnam imported nearly 4,000 cars worth US$106 million, up 14% month-on-month in volume but down nearly 49% in value.

Coronavirus halts shrimp exports to China
COMMODITIES Feb 12th at 09:53

Coronavirus halts shrimp exports to China

Vietnamese exporters are having to put hundreds of tons of shrimp into storage, after Chinese traders stopped taking deliveries amid the novel coronavirus outbreak.

Over 36 tons of masks exported amid local virus scare
COMMODITIES Feb 12th at 08:52

Over 36 tons of masks exported amid local virus scare

More than 36 tons of face masks was shipped overseas from HCMC within one week even though the domestic market is falling short of the product and the Government is...

Pork supply expected to recover from this month: MARD
COMMODITIES Feb 12th at 08:29

Pork supply expected to recover from this month: MARD

The Ministry of Agriculture and Rural Development (MARD) said that the domestic pork supply is forecast to increase from February.

Cashew prices dip
COMMODITIES Feb 11th at 14:29

Cashew prices dip

Cashew prices have dropped by VND6,000 per kilogram versus the previous crop even though cashew is just entering the harvest season.

Local gold prices soar amid coronavirus spread
COMMODITIES Feb 11th at 14:28

Local gold prices soar amid coronavirus spread

Domestic gold prices maintained their growth, exceeding VND44 million per tael today, February 10, the local media reported.

Read More

Commodity prices

MOST READ

Back To Top