Global fluctuations hike petrol prices
This is above the highest level of VND23,800 per litre of petrol seen in April 2012.
Meanwhile, the price of kerosene rose by 480 VND and mazut by VND807 to VND22,080 and VND18,457 respectively.
Announcing the price hike on March 28, the Ministry of Finance attributed its move to recent months’ fluctuations in world fuel prices, despite the government’s use of the Price Stabilisation Fund and other measures to keep the domestic price stable.
World prices have been VND1,000 to VND2,300 higher than domestic prices since February 26. With the fund having run out, the government was forced to raise fuel prices to prevent cross-border smuggling from Vietnam , the ministry said.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Japanese players take domestic demand into account (September 05, 2024 | 13:00)
- Japanese bold on ventures in real estate (September 05, 2024 | 10:46)
- Innovation heads up German-Vietnam ties (September 04, 2024 | 17:00)
- Opportunities widen to do business in Germany (September 04, 2024 | 15:41)
- SK Group extends the put option for its long-term investment in Masan Group (September 04, 2024 | 15:25)
- Manufacturing growth remains elevated in August (September 04, 2024 | 11:29)
- Long Thanh International Airport's road to success paved with obstacles (August 31, 2024 | 21:37)
- Thua Thien – Hue calls for investment in 32-trillion-VND steel project (August 30, 2024 | 17:24)
- Japanese investors pour over 1.3 billion USD into Ha Nam (August 30, 2024 | 16:08)
- Cinemas offering new concepts for growth (August 30, 2024 | 16:00)
Mobile Version