Petrol prices continued to be revised down from 3 p.m. on May 11, following the latest adjustment of the Ministry of Industry and Trade, and the Ministry of Finance.
As retail gasoline and diesel prices in the world soared to record highs for nearly ten passing days, the Ministry of Industry and Trade, the Ministry of Finance decided to increase the prices of petrol, starting from 3 p.m. on April 11.
Petrol prices increased up to VND490 per liter in the latest adjustment from 3 p.m. on March 13 by the Ministry of Industry and Trade, and the Ministry of Finance.
In the latest petrol price adjustment on January 11 by the Ministry of Industry and Trade and the Ministry of Finance, the price of petrol remained unchanged compared with those of the last adjustment.
The retail prices of petrol and oil dropped in the latest adjustment by the Ministries of Industry and Trade, and Finance on November 21 after four consecutive hikes
The retail price of RON 95-III bio-fuel almost reached VND24,000 (US$0.97 ) per liter from 3pm on November 11, following the latest adjustment by the Ministries of Industry and Trade, and Finance.
The Ministry of Industry and Trade (MoIT) asked the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) to review and adjust the cost of importing petrol and oil, standard business costs and profit based on trading realities.
The Ministry of Transport has recently informed about the adjustment of freight rates in the transportation sector and proposed solutions to curb the increase in train and bus ticket prices on holidays.
According to the Ministry of Industry and Trade (MoIT), generally, the total retail sales of consumer goods and services in the first eight months of 2022 have a larger scale and higher growth rate than the same period in recent years and are much higher than the period before the pandemic.
The consumer price index (CPI) in August was up 0.005 percent compared to July. August recorded an estimated trade surplus of US$2.42 billion, said the General Statistics Office this morning.
Petrol prices were kept unchanged in the latest adjustment made on August 22 by the Ministries of Industry and Trade, and Finance, after five consecutive downward adjustments.
After the adjustment of the ministries of Industry and Trade and Finance, the domestic gasoline prices have declined for the fifth time in a row as of 3 p.m. on August 11.