Retailers slash fuel prices

tohang

Retail prices of petrol were slashed at 3pm on December 18, following orders from the ministries of industry and trade and finance.

The price of petrol has reduced by nearly VND1,480 per litre in comparison with last year. — Photo Quy Doan

HA NOI (Biz Hub) — Retail prices of petrol were slashed at 3pm on December 18, following orders from the ministries of industry and trade and finance.

This is the 11th reduction in the petrol price and is expected to be the final adjustment this year.

The orders said the prices of Ron 92 petrol and E5 biofuel would be reduced by VND391 per litre to touch their ceiling prices of VND16,405 (US$0.7) and VND15,910 per litre, respectively.

Meanwhile, the prices of 0,05S diesel, kerosene and 3,5S mazut have been decreased by VND1,246 per litre, VND1,136 per litre and VND942 per kg to touch their ceiling prices of VND11,984, VND11,065 and VND8,162, respectively.

The two ministries said from December 3 to 17, a period during which the authorities calculated the global base price for fuel dealers, the price of Ron 92 was at US$53.29 a barrel, down more than $1.7, compared with the previous cycle. Meanwhile, the prices of kerosene and mazut were respectively reduced by $7.3 and more than $10 per barrel.

The petrol price was increased six times this year. — VNS

  • Share:

see also

UKs carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK''s carbon border adjustment mechanism will take effect in 2027.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Experts point out economic growth drivers, challenges for next year

Experts point out economic growth drivers, challenges for next year

Several growth drivers are in place to help Việt Nam achieve its GDP growth rate goal of 6.5-7 per cent next year, but rapid and strong international fluctuations remain challenges to watch out for.
Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

The northern province of Thái Nguyên has implemented many policies to support local businesses in maximising the potential benefits of the UKVFTA, opening up multiple opportunities for exports to the UK.