Petrol and oil prices keep falling
The price dropped by VND600 per litre to VND20,600 for A92 petrol, by VND300 per litre to VND17,650 for fuel oil, by VND200 per litre to VND19,900 for diesel oil, and to VND20,050 for kerosene.
Tran Ngoc Nam, deputy general director of the Vietnam National Petroleum Group (Petrolimex), said on the world market, the price of crude oil fell by 1.73 per cent to $83 per barrel on July 2 against the previous day, the lowest rate since April last year.
The latest reduction was the fifth time since the beginning of the year. The previous fall was on June 21.
The two ministries decided to maintain the VND300 per litre contribution of petrol companies to the petrol price stabilisation fund.
The ministries plan to increase the import tax for petrol and oil products by 2 per cent in the future.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Transforming accountancy with sustainability and ESG leadership (November 23, 2024 | 09:00)
- Vietnamese agricultural goods make Chinese e-commerce debut (November 22, 2024 | 20:04)
- Vietnam National Assembly adopts amended Law on Pharmacy (November 22, 2024 | 19:09)
- Power of partnerships: 30 years of Bayer in Vietnam (November 22, 2024 | 15:34)
- Consumption demand driving export performance (November 22, 2024 | 10:59)
- Rice exports set to break records (November 21, 2024 | 17:53)
- Growth beckons for GenAI startups in Vietnam (November 21, 2024 | 17:47)
- SABECO to elevate Vietnam's beverage industry to global standards (November 21, 2024 | 17:36)
- ABeam Consulting Vietnam introduces BSQCD Purchasing Strategy Framework (November 21, 2024 | 16:40)
- Major railway requires debt considerations (November 21, 2024 | 12:07)
Mobile Version