Increasing ceiling rates for airfares would bring more opportunities for local aviation firms to have flexible and suitable price policies in the domestic aviation market.
The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 16.
Retail prices of RON 92 petrol and E5 bio-fuel increased by 441 VND and 392 VND per litre, respectively, from 16:45 pm on October 20.
The prices of RON 92 petrol and bio-fuel E5 were raised VND675 and VND975 per litre from 3:30 pm on August 19.
The domestic aviation service price will be cut by an average of 4 percent as of October 1 due to recent falls in fuel prices, according to the Civil Aviation Authority of Vietnam (CAA).