The Ministry of Industry and Trade (MoIT), on January 27, said that the petroleum sale in Ho Chi Minh City was stable. Petrol stations normally operated to serve the travel needs of people, and there was no situation of hoarding and overcharging.
Mr. Phan Van Mai, Chairman of the People's Committee of Ho Chi Minh City, on January 19, led a delegation to visit, encourage, and congratulate the employees of Petrolimex Company Zone 2 (Petrolimex Saigon).
During the questioning session on the morning of November 5 at the fourth session of the 15th National Assembly, Minister of Industry and Trade Nguyen Hong Dien said that the supply is increasingly scarce when Europe increases the purchase of petroleum products. The exchange rate of the strong currency to import gasoline has increased highly, making it difficult for importers.
The Government has recently issued Decree No.51/2022/ND-CP amending the most-favored-nation (MFN) tariffs for gasoline products in group 27.10 in the MFN tariff according to the list of taxable products.
After advancing for nine consecutive times, the prices of petrol products slightly decreased domestically as of 4.30 p.m. on April 12. This adjustment is about one hour later than the previous one.
Due to new Covid-19 cases and unchanged global fuel prices, the ministries of Finance and Industry and Trade on July 28 decided to keep the price of RON95 gasoline unchanged, just slightly increase the prices of the remaining petroleum products.
