Fuel prices rise second time this year

April 08, 2018 - 15:00

The prices of all kinds of fuel increased as from 15:00 of April 7 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

People fill motorbikes in a petrol station in Trần Quang Diệu Street in HCM City. — VNA Photo Hoàng Hải

Viet Nam News

HÀ NỘI – The prices of all kinds of fuel was increased from 3pm on Saturday by the Ministry of Finance and Ministry of Industry and Trade.
The price of E5 RON92 petrol rose by VNĐ592 per litre, diesel increased by VNĐ638 per litre and kerosene rose VNĐ521 per litre.
After the adjustment, E5’s ceiling price is VNĐ18,932 per litre (US$0.83), while 0.05S and kerosene should not cost more than VNĐ16,354 per litre and VNĐ15,081 per litre, respectively.

On the same day, Việt Nam’s biggest petroleum retailer Petrolimex set its retail price of E5 at VNĐ18,930 per litre. Prices of RON 95-IV and RON 95-III remained unchanged at VNĐ20,700 per litre and VNĐ20,500 per litre, respectively.

This was the second increase in retail petrol price from the beginning of this year.
The ministries of Industry and Trade and Finance review fuel prices every 15 days to adjust the prices in accordance with fluctuations on the world market.
During the past 15 days, the world price of RON 92 petrol, used to produce E5 fuel, averaged $76.963 per barrel, up $3.7 over the level in the previous review period. The prices of diesel oil also went up $4.1 per barrel, prompting the adjustment.– VNS

Tags Vietnam Vietnam News news fuel price

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

Economy

World Bank outlines path for Việt Nam to reach high income status

Economy

Việt Nam vows to create favourable conditions for Korean investors

Economy

Aeon Mall to be built in Cần Thơ City

Economy

Cyberattack risks surge with AI advancements

More on this story

Economy

As investors flood Đồng Nai, housing market strains

The real estate market in the southern province of Đồng Nai still lacks a strategy to develop and attract high-powered investors, despite its many inherent advantages.

Economy

With Grab buying Uber, can VN firms compete?

Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuất Việt Hùng, vice chairman of the Việt Nam National Safety Traffic Committee.

Economy

VN Index nears 1,200 points on real estate, construction

Việt Nam’s benchmark VN Index made a three-day increase to near the all-time peak of 1,200 points yesterday on strong growth of property developers and building contractors.

Economy

Casinos need at least $1b investment: draft law

Strategic investors in tourism-casino complex will have to commit an investment of some US$1 billion for a casino project.

Economy

Cambodia, Myanmar frontier for VN firms: experts

Cambodia and Myanmar offer huge investment opportunities in the agricultural sector for Vietnamese firms, experts said.

Economy

Vietinbank and PG Bank deal collapses

The Việt Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PG Bank) have called off a potential merger after nearly two years of negotiations.

Economy

Đồng Tháp farmers bet on tra fish

Đồng Tháp Province, already the largest tra fish producer in the Cửu Long (Mekong) Delta, has further increased the breeding area this year because of the high prices the fish is fetching.

Economy

Remittance to HCM City increases to over $1.1bn

Remittance to HCM City in the first quarter of 2018 increased by 4.5 per cent against the same period last year to reach US$1.12 billion, a Central bank official said.