Petrol retail prices plummet

A customer buys petrol in Hà Nội. Retail prices of petrol decreased significantly from 3pm of Sunday, making it the fifth consecutive reduction since the beginning of this year. — Photo vietnamnet.vn

HÀ NỘI — Retail prices of petrol decreased significantly on Sunday, making it the fifth consecutive reduction since the beginning of this year.

Following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, the price of biofuel E5 RON92 has fallen by VNĐ2,290 to VNĐ16,056 (US$0.69) per litre, and RON95-III is down by VNĐ2,315 to VNĐ16,812 per litre.
The prices of diesel 0.05S and kerosene are now VNĐ13,035 per litre and VNĐ11,846 per litre, down VNĐ1,750 and VNĐ1,830 per litre, respectively.
Mazut 180CST 3.5S now stands at no more than VNĐ10,501 per kilogramme, down VNĐ1,353 per kilogramme.
The two ministries review fuel prices every 15 days to adjust domestic prices in accordance with fluctuations in the global market.
They decided to subsidise VNĐ200 per litre for E5 RON92; VNĐ800 per litre for RON95, diesel and kerosene; and VNĐ100 per kg for mazut. — VNS

Tags petrol price vietnam petrol price

Việt Nam needs development of green products exported to UK

Economy

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

More on this story

Economy

Companies encourage people to stay safe at home by offering online transactions

Companies in various sectors are seeking to help people limit physical contact with others, not use cash or leave home as the COVID-19 epidemic rages.

Economy

Fruit, vegetable export targets unlikely to be achieved in 2020

Fruit and vegetable exports are unlikely to hit the target of US$4-5 billion set for this year, according to the Việt Nam Fruit and Vegetables Association.

Economy

Việt Nam plans to develop railway industry

Vũ Quang Khôi, director general of Việt Nam Railway Authority, talks to Vietnam News Agency about the country's plan to develop railways across the country.

Economy

Demand for large office space, connectivity to increase: market researcher

Large office space and improved connectivity will be in high demand in coming years, according to market researcher Jones Lang LaSalle (JLL).

Economy

Listed real estate firms’ inventories surge, industry says red tape hits development

The HCM City Real Estate Association (HoREA) has called on the Government to resolve problems related to legal and administrative procedures and access to funding and cut lending interest rates to revive the property market.

Economy

Foreign capital to flow into non-life insurers on hopes of State divestment

State divestment is expected to lure foreign investors into and lift Việt Nam’s non-life insurance market.

Economy

Margin lending rates cut to support investors

Securities firms are cutting margin lending interest rates to help investors deal with a bear market caused by coronavirus panic.

Economy

Bottom purchases helps narrow market’s decline

Bottom-fishing force during Friday trading session wasn’t strong enough to rescue market but helped narrow the downward trend of indices.

Economy

Tiki reports unusual growth in February

Vietnamese e-commerce platform Tiki has reported an increase of 15 per cent in sales since the beginning of February, saying in a newsletter it indicates the significant increase in shopping needs since the Covid-19 outbreak began.