Home Commodities

Petrol prices down by VND1,000 per litre

Apr 2nd at 15:39
02-04-2022 15:39:42+07:00

Petrol prices down by VND1,000 per litre

Retail petrol prices fell by more than VND1,000 per litre from midnight on Thursday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

 

Accordingly, the retail price of RON95 bio-fuel dropped by VND1,039 to a maximum of VND28,153 (US$1.23) per litre, while VND1,021 adjusted down that of E5RON92 to no more than VND27,309 per litre.

Meanwhile, diesel 0.05S went up from VND1,447 per litre to VND25,080, and kerosene also increased by VND1,519 per litre.

This is the second decline following seven consecutive hikes in petrol prices in 2022, increasing by over VND6,500 per litre.

The fall was partly thanks to Resolution No. 18/2022/UBTVQH15 which took effect from April 1 on the adjustments of the environmental protection tax on fuels, which resulted in a reduction of VND700-2,000 per litre.

The two ministries also decided to use the petrol price stabilisation fund at a rate of VND100-1,500 per litre. 

bizhub

MOST READ

NEWS SAME CATEGORY

Prices of livestock, poultry, eggs in HCM City to increase
COMMODITIES Apr 2nd at 15:31

Prices of livestock, poultry, eggs in HCM City to increase

The prices of livestock, poultry and eggs in HCM City will increase by 2-12 per cent due to rising domestic gasoline prices, from April 1.

Petrol prices in Vietnam decline for second consecutive time
COMMODITIES Apr 2nd at 15:27

Petrol prices in Vietnam decline for second consecutive time

This marked the second consecutive decline after six rises in a row since the beginning of this year.

VN slash environmental tax on petrol, ramp up imports
COMMODITIES Apr 1st at 08:40

VN slash environmental tax on petrol, ramp up imports

Chairman of the National Assembly (NA) Vuong Dinh Hue and the NA's Standing Committee have approved a proposal put forward by the Ministry of Finance to slash...

Vietnam wants to buy UAE crude oil
COMMODITIES Mar 31st at 16:21

Vietnam wants to buy UAE crude oil

Vietnam is seeking materials for its two oil refineries while the construction plan of the third is on the way.

Viet Nam’s nickel demand expected to increase
COMMODITIES Mar 29th at 07:59

Viet Nam’s nickel demand expected to increase

Viet Nam has the opportunity to be at the forefront of the global movement towards the electrification of transport, so demand for nickel in Viet Nam will continue...

New digital app to make Vietnam’s shrimp market transparent
COMMODITIES Mar 28th at 16:16

New digital app to make Vietnam’s shrimp market transparent

The mobile digital technology will solve the limitations of existing platforms for the Vietnamese shrimp market.

Bac Giang looks to boost 'Thieu' lychee sales in high-standard markets
COMMODITIES Mar 26th at 11:18

Bac Giang looks to boost 'Thieu' lychee sales in high-standard markets

The northern province of Bac Giang has been promoting the sales of thieu lychee in domestic and foreign markets, including high-standard ones, according to Vice...

Instant noodle prices rise
COMMODITIES Mar 26th at 11:15

Instant noodle prices rise

Manufacturers have raised the prices of a series of food items due to pressure from the skyrocketing cost of gasoline and input materials.

One more Vietnamese pangasius exporter to US enjoys zero tariffs
COMMODITIES Mar 26th at 11:08

One more Vietnamese pangasius exporter to US enjoys zero tariffs

NTSF Seafoods Joint Stock Company, a Vietnamese fish fillet exporter, has obtained zero anti-dumping duties on its pangasius exported to the US between August 1...

One more Vietnamese pangasius exporter to US enjoys zero tariffs
COMMODITIES Mar 25th at 19:29

One more Vietnamese pangasius exporter to US enjoys zero tariffs

NTSF Seafoods Joint Stock Company, a Vietnamese fish fillet exporter, has obtained zero anti-dumping duties on its pangasius exported to the US between August 1...

Read More

Commodity prices

MOST READ

Back To Top