Business

Fuel prices unchanged after nine cuts in a row

The Ministry of Industry and Trade and the Ministry of Finance decided to make no change to base fuel prices on March 4, following nine cuts in a row since October 19 last year.
Fuel prices unchanged after nine cuts in a row ảnh 1Fuel prices unchanged after nine cuts in a row. (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade and the Ministry of Finance decided to make no change to base fuel prices on March 4, following nine cuts in a row since October 19 last year.

The two ministries announce the base fuel prices every 15 days, depending on the fluctuation of world oil and gas prices since the previous announcement.

The ministries said although the average global price of RON 92 from February 19 to March 3 was 42.314 USD per barrel, up 2 USD, while that of diesel was 40,325 USD per barrel, up 2.6 USD, the national petrol price stabilisation fund will be used to maintain petrol price at the current level.

Petrol RON 92, E5 and diesel will be subsidised 363 VND to 983 VND per litre to keep the prices of petrol RON 92 and bio-petrol E5 at 13,752 VND (0.617 USD) per litre and 13,321 VND (0.597 USD) per litre, respectively.

The ceiling prices for diesel 0.05S and kerosene are pegged at 9,580 VND (0.43 USD) per litre and 8,905 VND (0.4 USD) per litre, respectively.-VNA

VNA
#base fuel prices#unchanged#nine cuts in a row#2016#average global price#RON 92#diesel#E5#kerosene
Follow VietnamPlus

Related News

Fuel prices hike after five cuts in a row

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.

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.