The price of petrol decreased by more than VND1,000 (US$0.04) per liter from 3 pm on December 1 following the latest adjustment of the Ministries of Industry and Trade, and Finance.
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.
The retail prices of oil and petrol were adjusted down starting from 3 p.m. on April 12 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance.
Retail petrol prices rose by more than VND400 per liter from 3 p.m. on January 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Retail petrol prices were down about VND100 per litre from 3pm on July 27 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices to be over VND850 higher per litre at 3pm on July 12.
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 price of fuel in Vietnam simultaneously dropped as of 3 p.m. on February 14, according to the order by the ministries of Industry and Trade and Finance.
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.
Ethanol gasoline blend E5 RON92 reduces VND515 a liter to VND16,272 from January 1, 2019 according to requirements by the Ministry of Industry and Trade and the Ministry of Finance.
Petrol price has strongly reduced by VND1,446 a liter of ethanol gasoline blend E5 RON92 to VND17,181 and VND1,513 a liter of RON95-III to VND18,459 since December 6.
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.
The retail price of biofuel E5 RON 92 fell by VND224 to a maximum of VND20,682 (US$0.88) per litre at 3pm on Monday, the ministries of Industry and Trade and Finance announced.
Diesel prices this week hit their highest level since the beginning of the year, when they touched VND 675 per litter. That marked a second increase in petrol price within 15 days.
The Ministry of Industry and Trade and the Ministry of Finance on July 23 asked the retail prices of RON 92 petrol and E5 bio-fuel to be kept unchanged.
The price of RON 95 petrol declined by VND 400 per liter from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
The Ministries of Industry and Trade, and Finance decided to increase the retail price of RON 92 petrol by VND 271 to a maximum of VND 18,146 (US$ 79.8 cents) per litre from 3pm of November 4.
Businesses started cutting Ron 92 gasoline price by VND124 to VND17,875 a liter yesterday according to requirements by the Ministry of Industry and Trade and the Ministry of Finance.
The Ministry of Industry and Trade and the Ministry of Finance yesterday announced slight decrease in petrol price and increase in oil price from 4:55 p.m on the same day.