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 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.

MoF moves to deal with petrol price hikes

Friday, Jun 17, 2022

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cut the environmental tax on fuel.

Petrol price hits record level in latest adjustment

Monday, May 23, 2022

The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.

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.

Rising petrol prices could put brake on economy: expert

Thursday, Feb 17, 2022

Nguyen Bich Lam, former director of the General Statistics Office, spoke to Vietnam News Agency about rising petrol prices.

Rising petrol price severely affects the economy

Thursday, Oct 28, 2021

As the COVID-19 pandemic is gradually put under control, the world continues to suffer inflationary pressure and as the economy picks up, so to does the demand for fuel. Nguyen Bich Lam, former General Director of the General Statistics Office,...

Tax cut proposed to stabilise domestic petrol price

Wednesday, Oct 13, 2021

Calls have been made for tax cuts to stabilise domestic fuel prices as global oil prices see continual increases.

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.

Petrol prices plunge for seventh consecutive time

Monday, Apr 13, 2020

The retail prices of petrol fell by more than VND600 per litre on Monday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Petrol and oil prices fall sharply

Thursday, Jan 30, 2020

The retail prices of petrol witnessed a strong reduction as from 3pm on January 30.

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 prices continue to rise

Wednesday, Jul 17, 2019

This was the second increase of the petrol retail price this month.

Fuel price hikes create pressure but CPI under control

Saturday, Apr 20, 2019

Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO).