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 Ministry of Industry and Trade (MoIT) is receiving opinions for the draft decision of the Prime Minister on determining electricity retail prices for households, residential consumers and production.
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.
The current management and operation of retail electricity prices would prolong the risk of power shortage for years to come, said Dr. Nguyen Dinh Cung, former Director of the Central Institute for Economic Management.
On the evening of August 25, the Office of the Ministry of Industry and Trade and the Department of Domestic Market issued two documents proposing to increase the supply and output of petroleum to the market in the coming months.