Retail prices of oil and petrol ped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
The ministries of Industry and Trade and Finance revised petrol prices up as of 3pm on Friday, marking the third consecutive increase so far this year.
The retail prices of petrol and oil increased at 6pm on October 1 following the latest review of the ministries of Industry and Trade and Finance on the prices.
The Ministry of Industry and Trade and Finance Ministry revised petrol prices up on Thursday, marking the third time they had made price adjustments after using the price stabilisation fund.
The retail prices of petrol and oil continued to increase significantly in the latest review of the ministries of Industry and Trade and Finance at 3pm on Wednesday.
The retail price of bio-fuel E5 RON 92 rose VND320 to VND20,231 (US$0.87) per litre at 3pm Friday due rising global prices, the ministries of Industry and Trade and Finance announced.
Consumption of bio-fuel E5 RON 92 topped 1.78 million cubic metres in the first half of the year, a year-on-year increase of 31 per cent and accounting for over 40 per cent of total petrol consumption, according to the Ministry...
The price of bio-fuel E5 was kept unchanged while diesel 0.05S and kerosene increased slightly by VND213 and VND69 per litre, respectively, in the latest regular adjustment of petrol and oil prices as of 3pm on Monday.
Wholesale petrol traders should make more efforts to raise the market share of bio-fuel E5 in the country, said Deputy Minister of Industry and Trade (MoIT) Do Thang Hai.
The price of bio-fuel E5 was kept unchanged while diesel 0.05S and kerosene increased slightly by VND360 and VND495 per litre, respectively, in the latest regular adjustment of petrol and oil prices as of 3pm on Thursday.
Experts and businesses are raising concerns about the shortage of E5 bio-fuel supply as there are two months left for E5 to be fully replaced RON 92 petrol.
There are only two months left until January 1, 2018, the date set for the nation to switch from RON A92 petrol to bio-fuel E5, but the plan is facing problems..
Under the joint decision by the ministries, RON 92 and E5 petrol is sold at a maximum prices of VND16,069 (71 US cents) and VND15,918 VND (70 US cents) per litre respectively
Petrol dealers are facing difficulties after bio-fuel E5 was sold in
seven cities and provinces, including Ha Noi, Da Nang and Ba Ria-Vung
Tau, since December 1, vietnamplus.vn reported.