VOV.VN - Retail fuel prices in Vietnam moved in mixed directions from 10 p.m. on March 12 after the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Prime Minister Pham Minh Chinh has encouraged people and businesses to prioritise electric vehicles, public transport and biofuels in order to reduce reliance on fossil fuels amid sharp fuel market fluctuations.

VOV.VN - Tensions in the Middle East are pushing global oil prices and energy costs higher, adding pressure on inflation, exchange rates and production costs. In that context, many Vietnamese businesses, particularly in fuel-intensive industries, export sectors and aviation, could face greater financial strain.

VOV.VN - Petrol prices in Vietnam dropped sharply by nearly VND4,000 per litre on the evening of March 11, retreating to around VND25,000 per litre just a day after surging close to the VND30,000 mark.

VOV.VN - The Vietnamese government has decided to temporarily reduce Most Favoured Nation (MFN) import tariffs on several petroleum products and refining inputs to 0% in an effort to ensure domestic fuel supply and stabilise the market.

Vietnam saw a strong increase in fuel imports in the first two months of this year amid global energy uncertainty triggered by spiralling Middle East tensions.

VOV.VN - The Ministry of Industry and Trade and the Ministry of Finance on March 7 announced a sharp adjustment to domestic retail fuel prices, with RON 95, the most commonly used petrol exceeding VND27.000 per litre.

VOV.VN - Amid escalating tensions in the Middle East that threaten global oil flows and push energy prices higher, Vietnam has proactively developed contingency scenarios to safeguard domestic fuel supply and maintain market stability.