Business

Fuel prices hike after five cuts in a row

Retail petrol prices were raised by 612 VND (0.027 USD) per litre as of September 18 following five price cuts in a row since July 4 with a combined reduction of 3,000 VND (0.133 USD) per litre.
Fuel prices hike after five cuts in a row ảnh 1Illustrative image (Source:VNA)

 Retail petrol prices were raised by 612 VND (0.027 USD) per litre as of 3:00 pm on September 18 following five price cuts in a row since July 4 with a combined reduction of 3,000 VND (0.133 USD) per litre.

The Ministries of Industry and Trade, and Finance set the new ceiling price for RON 92 petrol at 17,950 VND (0.798 USD) per litre and for bio-petrol E5 at 17,455 VND (0.776 USD) per litre.

Prices of diesel and kerosene went up 576 VND and 513 VND per litre, respectively, while that of mazut rose by 297 VND per litre.

This is the 16 th fuel price adjustment this year.

The ministries said the average global price of RON 92 petrol from September 3-17 went up 3 USD per barrel compared to the time of the previous petrol price adjustment.-VNA

VNA
#petrol prices#hike#Ministries of Industry and Trade#and Finance
Follow VietnamPlus

Related News

Fuel price cuts have no impact

Fuel price cuts have no impact

The prices of consumer goods and services remained the same in spite of the sharp cut in petrol and oil prices this year.
Retail petrol prices expected to fall further

Retail petrol prices expected to fall further

The retail selling price of petroleum will likely be reduced in the next few days, Deputy Industry and Trade Minister Do Thang Hai announced at a press conference on November 3.
Stocks rose steadily yesterday on the two exchanges following a record reduction in petrol prices. This is the 13th cut so far this year. Photo: VNA

Stocks soar on petrol price cut

Stocks rose steadily on December 22 on the two exchanges following a record reduction in petrol prices. This is the 13th cut so far this year.
Petrolimex raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year. (Photo: VNA)

First fuel price hike in the year

The Vietnam National Petroleum Group (Petrolimex), the country’s largest fuel wholesaler, raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year.
Gasoline prices were raised by 1,200 VND (six cents) per litre in the wake of increasing global fuel prices (Photo: vietq)

Gasoline prices rise by six cents

The ministries of Finance and Industry and Trade on May 20 enabled enterprises to increase gasoline prices by 1,200 VND (six cents) per litre in the wake of increasing global fuel prices.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.