The domestic fuel market for the last two months has become rather unstable, provoking uneasiness among the public. That results from disrupted supplying sources and fluctuating fuel prices. It is high time the State adopted feasible measures to stop this worrying situation.
Retail petrol prices rose from 3pm on February 25 following the latest review by the Ministry of Industry and Trade and the Ministry of Finance. Accordingly, the prices of RON 95 petrol and E5 RON 92 are now over VND18,000 and VND17,000 a liter, respectively.
Vietnamese Prime Minister Nguyen Xuan Phuc asked the two ministries of Finance and Education and Training to give free textbooks to students from low-income families or from families affected by the coronavirus pandemic.
The prices of fuel in Vietnam increased for two consecutive times in April as of 3 p.m. on April 17 as, globally, average price of finished products of petroleum has climbed by 2-3 percent per barrel in the last 15 days.
Businesses have reduced ethanol gasoline E5 RON92 by VND1,082 to VND19,600 a liter and RON95-III by VND1,138 to VND21,065 a liter since 3 p.m. on November 6 as per requirements by the Ministry of Industry and Trade and the Ministry of Finance.