Petrol retail prices revised down on August 8

August 08, 2024 - 16:21

The Ministry of Industry and Trade, and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on August 8.

A customer at a petrol station in Hà Nội. — VNA/VNS Photo Trần Việt

HÀ NỘI — The Ministry of Industry and Trade, and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on August 8.

Accordingly, the price of E5RON92 bio-fuel was cut by VNĐ901 to VNĐ20,715 (US$0.82) per litre, while that of RON95-III fell by VNĐ930 to VNĐ21,673 per litre.

Meanwhile, the price of diesel 0.05S dropped by VNĐ737 to VNĐ19,141 per litre, and kerosene is now priced at VNĐ19,411 per litre, down VNĐ684. Mazut oil 180CST 3.5S is sold at VNĐ16,028 per kg, a decrease of VNĐ858.

The two ministries decided not to use the petrol price stabilisation fund in this adjustment. — VNS

Market tools suggested as best method to decide petrol prices

The State needs to create legal bases and conditions for the enterprises to use the derivative tools such as petrol price insurance, experts say.

Economy

Petrol prices decrease slightly in latest adjustment

Retail prices of petrol products were slashed starting 3pm on July 11 by the Ministry of Industry and Trade and the Ministry of Finance.

VRG's revenue surges 6.5% in 2024

Economy

Vinhomes gets green light from SGX for bond issuance

Economy

MoU signed to establish cell, stem-cell quality control centre in Việt Nam

Economy

Prudential Vietnam and HSBC Vietnam enter bancassurance partnership

Economy

Fighting waste important to create resources for development: MoIT

Economy

Tapping into a trillion-dollar market

More on this story

Economy

GELEX Electric debuts on HoSE in mid-August

300 million GEE shares will be traded with a reference price of VNĐ37,150 per share (US$1.48).

Economy

Việt Nam’s mollusk exports rising: Association

The export of mollusks and other aquatic products is forecast to remain on the rise in the rest of 2024.

Economy

ANARA Bình Tiên joins hands with major partners to develop world-class resort in Ninh Thuận

ANARA Bình Tiên, spanning up to 200 hectares, is planned to be developed into a high-end, natural-friendly integrated resort.

Economy

Investors eye waste-to-energy projects in southern localities

Domestic and foreign investors have proposed investment in waste-to-energy projects in Việt Nam's southern localities.

Economy

Various activities to be held in HCM City Fintech Road 2025

A wide range of activities to promote financial technology (Fintech) will be held within the framework of the HCM City Fintech Road 2025.

Economy

Bắc Giang enhances cooperation with RoK

Bắc Giang Province will continue to strengthen cooperation with the Republic of Korea (RoK), Director of the provincial Department of Foreign Affairs Ngô Biên Cương said.

Economy

Việt Nam's exports to US market accelerate

Goods shipments to the US, Việt Nam’s largest market for export, have seen a strong resurgence over the recent months, with their value exceeding $10 billion in June and July.

Economy

Việt Nam is the eighth largest tea exporter in the world

Việt Nam is the eighth largest tea exporter in the world, earning US$135 million from tea exports in the first seven months of this year, up 34.8 per cent over the same period last year.