Petrol prices down, oil prices up in latest adjustment

October 31, 2024 - 15:25

Retail prices of petrol were revised downward, while those of oil products increased on October 31 in the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

A Petrolimex station in Hanoi VNA/VNS photo

HÀ NỘI – Retail prices of petrol were revised downward, while those of oil products increased on October 31 in the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Specifically, the retail prices of E5 RON 92 and RON 95-III were cut by VNĐ 284 and VNĐ 391 to VND 19,408 (US$0.77) and VND 20,503 per litre, respectively.

Meanwhile, the price of 0.05S diesel oil was capped at VNĐ18,148 per litre, up VNĐ91 per litre from the previous adjustment. The ceiling prices of kerosene and mazut rose by VNĐ263 and VNĐ232 to VNĐ18,833 and VNĐ16,461 per litre, respectively.

The ministries decided not to use the petrol and oil price stabilisation fund. VNS

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

Economy

Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry

More on this story

Economy

Ministry of Finance deploys pilot project for smart border gates

The Ministry of Finance deploys a pilot project for smart border checkpoints at Hữu Nghị (Việt Nam)-Youyi Guan (China) International Border Gate Pair.

Economy

Vietjet posts over $2 billion in revenue, expanding fleet with new aircraft

In the final months of the year, Vietjet aims to ramp up operations to meet travel demands during the peak holiday season.

Economy

HCM City to host Việt Nam - EU Cooperation Forum 2024

The European-American Market Department under the Ministry of Industry and Trade (MoIT) will host the 'Việt Nam-EU Cooperation Forum 2024' in HCM City next month.

Economy

HCM City bans subdivision of land for sale in five suburban districts

HCM City authorities have banned the subdivision of land for sale in five suburban districts in an effort to address speculation due to rapid urbanisation in these areas.

Economy

Simplified procedures and decentralised authority key to good investments: NA

The National Assembly on Wednesday morning discussed a draft law that amends the Law on Planning, the Law on Investment, the Law on Investment under Public-Private Partnership (PPP), and the Law on Bidding.

Economy

Chemical industry sees shift in Q3 results

The divergent trajectories sent shock waves through the market.

Economy

HCM City adjusts land prices to reflect market value

HCM City authorities have updated land prices to over VNĐ687 million (US$27,000) per square metre in central districts and VNĐ2.3 million on the outskirts, up four to 38 times compared to previous rates.

Economy

Moving global supply chains brings opportunities to VN

Associate Professor, Dr Nguyễn Anh Thu, Vice Rector of the University of Economics - Vietnam National University, Hà Nội, spoke to Vietnam News Agency about opportunities and challenges of moving supply chains to Việt Nam.

Economy

Small traders turn to Chinese products

Chinese items have become more and more popular in many traditional markets in HCM City. In some wholesale outlets such as Tân Bình and An Đông, it's not difficult for customers to find Chinese goods priced from tens of thousands to hundreds of thousands of đồng.