Decision on keeping petroleum price stabilisation fund to be made in June

Friday, Jun 07, 2024

Total petrol import and production during the first four months of the year reached 7,88 million tonnes, or 9,93 million cubic metres with import accounting for 43.73 per cent.

Enterprises urge petrol price stabilisation fund to be abolished

Wednesday, May 08, 2024

As the domestic petrol prices are also going parallel with the world market, the removal of the petrol price stabilisation fund should be considered.

Petrol price stabilisation fund proposed to be maintained: NA meeting

Wednesday, Nov 02, 2022

The Government proposed the operation of the petrol price stabilisation fund should be maintained because it remained an effective tool to regulate petrol prices.

Petrol and oil price stabilisation fund requires thorough appraisal

Monday, Sep 26, 2022

Viet Nam is considering amending the Law on Price, which mentions several commodities under the Government’s price stabilisation scheme including petrol and oil.

Petrol retailers demand major changes

Friday, Sep 02, 2022

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

Petrol price may go down substantially in April

Monday, Mar 28, 2022

Petrol price is expected to go down substantially from April after the National Assembly on March 23 passed the resolution on reduction of environmental protection tax rates on petroleum products.

Taxes and fees to be cut to curb petrol prices

Tuesday, Feb 22, 2022

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

MoIT denies proposing price stabilisation fund for steel

Monday, Jun 07, 2021

Ministry of Industry and Trade has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Controversy around the abolishment on petrol price stabilisation fund

Wednesday, May 20, 2020

Authorities want to maintain the petrol price stabilisation fund as a tool to keep retail prices stable and give them the ability to intervene in the market when necessary.

State to continue support for fuel price fund

Sunday, Dec 15, 2019

Fuel price stabilisation fund helps the central government manage domestic fuel price in a foreseeable future.

NA mulls cutting road fees

Tuesday, Aug 20, 2019

The move would be a boon for many businesses as road fees have reduced their competitiveness.

Petrol price stabilisation fund balance at US$73.8 million

Monday, Feb 18, 2019

The balance of the petrol price stabilisation fund at Viet Nam National Petroleum Group (Petrolimex) was VND1.72 trillion (US$73.8 million) as of Friday, the group said.

Petrol price decreases for first time in 2018

Wednesday, Feb 21, 2018

The retail price of petrol RON95 decreased VND400 per litre from 3pm on Wednesday, according to an announcement by the ministries of industry and trade and finance.

Petrol price stabilisation fund balance surges to more than VNĐ5.1 trillion

Friday, Feb 09, 2018

 The balance of the petrol price stabilisation fund surged to more than VND5.1 trillion (US$ 224 million) at the end of the fourth quarter of 2017, the Ministry of Finance has reported.

PM keeps eye on petrol prices

Friday, Jan 26, 2018

Prime Minister Nguyen Xuan Phuc has requested the ministries of industry and trade - and finance, to report on price changes of petrol products this month.