petrol prices

Petrol suffers too many taxes: experts

June 29, 2023 | 18:15

Each litre of petroleum is subject to too many taxes, with burdens on businesses and consumers are increasing, according to industry experts.

Petrol retailers rue continuing hardship

February 23, 2023 | 10:27

Petrol retail enterprises have struggled to keep their operations profitable as disruptions in the supply chain continue to persist.

Petrol retailers seek answers for current operations disarray

November 03, 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.

Petrol prices down in latest adjustment

October 04, 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.

Ministry proposes tariff cuts to bring down petrol prices

September 15, 2022 | 14:58

The Ministry of Finance (MoF) has proposed a reduction of the most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20 per cent to 10 per cent in an attempt to bring down the economy's input cost.

Petrol retailers demand major changes

September 03, 2022 | 13:04

Retail petroleum businesses have asked to stop contributing to the petrol price stabilisation fund, increasing the commission to reduce losses and permanently withdrawing the licence of unprofitable retailers.

Immediate hike risks tackled as inflation squeezes workers

July 01, 2022 | 15:24

A continued hike in the prices of fuel and input materials for production are expected to drive enterprises and labourers into more difficulties, and affect Vietnam’s efforts to rein in inflation this year.

Tax cuts on agenda to assist recovery

June 16, 2022 | 15:41

New fiscal solutions are set to be applied to reduce risks of high inflation this year which are looming due to massive pressure in growing prices of a series of indispensable items and services, affecting consumption recovery and economic growth.

Petrol prices pressure inflation

March 18, 2022 | 09:00

Inflationary pressure in Vietnam is increasing as local petrol production falls below expectations which, in turn, is affecting the consumer price index and putting pressure on macroeconomic stability.

Taxes and fees to be cut to curb petrol prices

February 22, 2022 | 16:05

Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).

Oil and gas firms suffer drop in Q3 profit due to COVID-19 impacts

October 18, 2021 | 12:21

Despite the recovery of petrol prices, profits of many businesses in the oil and gas sector dropped in the third quarter of this year due to impacts of the COVID-19 pandemic.

June CPI in Ho Chi Minh City up 0.66 percent

July 01, 2020 | 09:44

The June CPI in Ho Chi Minh City was up 0.66 percent from last month, and up 2.1 percent from the same month last year, the city’s statistics office said on June 30.

Business wary of 2020 oil projections

January 16, 2020 | 09:00

While global oil supplies in 2019 were vulnerable, the fluctuations have not affected long-term petrol prices, yet business plans for some in the market in 2020 remain complicated.