Indonesia plans to hike fuel prices next week: Minister

Indonesia plans to hike fuel prices next week: Minister

Indonesian President Joko Widodo may announce a fuel price hike next week to reduce spending on energy subsidies, said Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan on August 19.
Rough waters remain in fuel price pressure

Rough waters remain in fuel price pressure

Although the government is trying to reduce fuel prices, Vietnam’s producer and import prices are expected to continue rising, affecting domestic production and pressurising the government’s efforts to rein in inflation.
Major coffee chains attempt to wade through price storm

Major coffee chains attempt to wade through price storm

Beverage chains are struggling under the pressure of increasing selling prices due to sky-high costs of fuel and raw materials.
Airlines suffer losses due to rising fuel prices

Airlines suffer losses due to rising fuel prices

Vietnamese airlines are suffering losses amounting to hundreds of billions of dong each month due to a surge in fuel prices, according to the director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.
Domestic air transport sees fast recovery, airlines suffer loss due to rising fuel prices

Domestic air transport sees fast recovery, airlines suffer loss due to rising fuel prices

Vietnamese airlines are suffering losses amounting to hundreds of billions of VND each month due to a surge in fuel prices, according to director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.
Transport businesses raise fares due to fuel costs

Transport businesses raise fares due to fuel costs

Transport businesses that have just resumed after the pandemic are struggling with the soaring fuel costs.
Inflation maintained at around the target despite increasing fuel price

Inflation maintained at around the target despite increasing fuel price

Inflation up to 2023 will likely be about 4-5.5 per cent, the same or slightly higher than the target that was set forth.
Fuel price hike continues to worry leaders

Fuel price hike continues to worry leaders

The government has been asked to control the continued rise in fuel prices, which is denting pockets and putting at risk the government’s efforts to curb inflation.
Vietnam effectively working on socio-economic recovery, development: PM

Vietnam effectively working on socio-economic recovery, development: PM

Prime Minister Pham Minh Chinh chaired a national teleconference between the Government and localities on April 5 to look into the socio-economic situation in the first quarter of 2022.
Workers scramble to evade fuel hike

Workers scramble to evade fuel hike

High fuel prices, coupled with a lack of monthly income increases, have pushed the lives of millions of workers into difficulty, with many forced to change their consumption habits, cut living costs, or switch to other jobs.
Fresh woes for airlines in fuel costs

Fresh woes for airlines in fuel costs

While hoping to rejoice over the imminent resumption of international flights, Vietnamese air carriers are being simultaneously hit with rising fuel prices due to the Russia-Ukraine crisis, and are urging local authorities to look into a financial bailout for them.
Consumers feeling the brunt of ballooning gasoline hikes

Consumers feeling the brunt of ballooning gasoline hikes

The rise in fuel prices is not only a worry for large enterprises but is also bringing trouble for millions of consumers and individual business households.