Petrol prices up VND670 per litre

Following a joint decision issued by the ministries of Industry and Trade and Finance, the ceiling prices of RON 92 petrol and E5 bio-fuel will be VND14,422 and VND13,819 per litre.

The ceiling price of diesel oil also went up VND290 per litre to VND9,873 per litre.

The maximum price of kerosene remains unchanged at VND8,905 per litre.

This is the sixth petrol price adjustment this year, where the price dropped in four instances, maintained in one instance and increased in the latest one.

Taxi firms to cut rates as petrol prices plunge

Taxi firms in the capital city are likely to slash fares after domestic petrol prices plunged to a seven-year low on February 18, but any cut would take time to implement.

Taxi firms to cut rates as petrol prices plunge

Taxi firms in the capital city are likely to slash fares after domestic petrol prices plunged to a seven-year low on February 18, but any cut would take time to implement.

Prime Minister okays petrol tax changes

Prime Minister Nguyen Tan Dung has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation (MFN) status and Free Trade Agreement (FTA).