Tags

fuel prices

Fuel businesses and consumer rights must go hand-in-hand

Fuel businesses and consumer rights must go hand-in-hand

Fuel prices remain a thorny issue for regulators, mainly on how to calculate retail prices with the Ministry of Industry and Trade (MoIT) saying the central government does not want to impose pricing, but it will take actions to ensure...
Fuel prices see second cut this month

Fuel prices see second cut this month

The Ministry of Industry and Trade and the Ministry of Finance on July 18 announced the second consecutive reduction in domestic fuel prices this month.
Fuel price in check despite mounting difficulties: Minister of Industry and Trade

Fuel price in check despite mounting difficulties: Minister of Industry and Trade

Fuel retailers are finding themselves stuck between a rock and a hard place. They have to buy fuel without a discount and suffer a loss, or refuse to buy it and get a fine.
MoIT propose adjusting fuel prices every Thursday

MoIT propose adjusting fuel prices every Thursday

According to MoIT, shorter price cycles are better at keeping domestic prices closer to the global oil prices, even during holidays (except Tết) to minimise the risk of market disruptions.
Ministry calls for easing government control on fuel prices

Ministry calls for easing government control on fuel prices

MoIT also called for the fuel price cycle to be shortened from 10 days to 7 days, on Thursday every week (except for public holidays).
Bright outlook for economy despite challenges

Bright outlook for economy despite challenges

The inflationary pressures would abate should global food and fuel prices cool down and supply chain disruptions improve in the short term.
Fuel prices slashed in latest adjustment

Fuel prices slashed in latest adjustment

Fuel prices were slashed by over VND1,000 per litre across the board on September 12.
Authorities warn transport companies on fare prices

Authorities warn transport companies on fare prices

Fuel prices have fallen back to pre-January levels, but many transport firms still refuse to adjust their fares, according to authorities.
Ministries slash fuel prices

Ministries slash fuel prices

The Ministry of Finance and the Ministry of Industry and Trade slashed fuel prices on August 11.
Transport firms unwilling to cut fares amid falling fuel prices

Transport firms unwilling to cut fares amid falling fuel prices

Although fuel prices have ped by around 20 per cent since June, many transport firms are still sitting tight, unwilling to cut fares amid falling costs.
Fuel prices lowered as part of largest adjustment since early 2022

Fuel prices lowered as part of largest adjustment since early 2022

Fuel prices decreased by more than VND3,000 (US$0.13) per litre on July 11 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Airlines suffer losses due to rising fuel prices

Airlines suffer losses due to rising fuel prices

Vietnamese airlines are suffering losses of hundreds of billions of dong each month due to a surge in fuel prices
Fee reductions offer little benefit to maritime firms

Fee reductions offer little benefit to maritime firms

The Vietnam Maritime Administration (VMA) has sent a report to the Ministry of Transport (MoT), assessing the possible impact of reduced fees on Vietnamese maritime firms amid mounting fuel prices.
Rising fuel prices hit ride-hailing taxi, motorbike drivers

Rising fuel prices hit ride-hailing taxi, motorbike drivers

Petroleum prices are continuing to surge to record highs, and ride hailing services are badly feeling the pinch.
Transport firms up charges amid mounting fuel prices

Transport firms up charges amid mounting fuel prices

About 80-90 per cent of fixed-route transport firms have adjusted their fares up by 10-15 per cent to offset mounting fuel costs.