27-11-2022 16:20
Petrolimex, the petroleum distributor for the domestic retail market, has adjusted its profit target to one-tenth of the original forecasts.
11-11-2022 16:45
Vietnam wants to introduce mechanisms and policies to attract more investment in oil exploration and production activities on the back of the amended Law on Petroleum, with experts, businesses, and legislators pointing out several core issues.
03-11-2022 11:00
The National Assembly Economic Committee last week asked the government to come up with timely responses to the petroleum supply issue, as fluctuations in the domestic market during the last month showed that problems in reserves and supply have not been completely resolved.
03-11-2022 09:00
Amid the current fluctuations of fuel prices, it is time to let businesses take care of price structuring themselves, while the state continues to monitor the market.
03-11-2022 08:00
Following the closure of some local fuel suppliers in the south and central regions of the country, enterprises are now hoping for more support from authorities to reconnect supply chains.
20-10-2022 16:52
Binh Son Refining and Petrochemical JSC (BSR) is operating Dung Quat Oil Refinery at 109 per cent of the refinery’s design capacity to offset the lack of petroleum and oil in the market.
14-10-2022 19:02
On October 13, the Government Inspectorate of Vietnam established a delegation to inspect the state management of 15 key petroleum and gasoline trading facilities and two oil refineries, namely Binh Son Refining and Petrochemical JSC and Nghi Son Refinery and Petrochemicals LLC.
14-10-2022 18:48
The Ministry of Industry and Trade and other relevant ministries will take measures to ensure the supply of oil and petrol in the last months of 2022 while adjusting the policies to support businesses.
14-10-2022 12:55
Contractors of Dau Giay-Phan Thiet Expressway face difficulties in operating machinery due to a lack of petroleum and gasoline, which is impacting the construction process.
04-10-2022 09:16
Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
30-09-2022 10:48
The Ministry of Finance (MoF) has proposed to reduce the most-favoured-nation (MFN) tariff for some kinds of gasoline products used as input materials for production of other products from 20 per cent to 10 per cent to reduce the price of input materials.
22-09-2022 11:00
Amid the continuously fluctuating prices for oil and gasoline, Vietnam is injecting millions of US dollars into the import of these commodities while inadequacies in the domestic market have not yet been resolved.
22-09-2022 10:34
For the first time, retail prices of diesel and kerosene are higher than gasoline prices, as recorded on September 15. The Ministry of Industry and Trade explained that there is a big difference between gasoline and global oil prices.
22-09-2022 08:00
Decree No.95/2021/ND-CP on petroleum trading officially took effect at the beginning of the year and was expected to strengthen the market. However, the continuous changes in gasoline prices, combined with the inadequacies in management, has had a great impact on market supply and demand and also pushed the business and consumer world into unprecedented difficulties. The question of how to foster a healthy market and ensure energy security has not been resolved.
16-09-2022 11:34
The rate reduction aims to protect domestic gasoline and ethanol producers while still cutting the price of petroleum products.