Tag: fuel imports
Vietnam records strong increase in fuel imports in two months
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.
Market regulators propose cutting fuel import tariffs to 0%
VOV.VN - The Ministry of Finance has proposed reducing the Most Favoured Nation (MFN) import tariff on several petroleum products and input materials to 0% in response to potential global supply disruptions.
Petrol and oil imports up 23% over nine months
VOV.VN - Vietnam spent US$6.65 billion buying eight million cubic metres of petrol and oil over the past nine months of the year, up 23.1% in volume but down 2.4% in value compared to the same period from 2022.
Over US$8 billion spent on fuel imports from Jan-Nov
Vietnam spent around US$8.12 billion importing 7.89 million tons of fuel between January and November, up 23.9% in volume and 119.6% in value versus the year-ago period, according to the General Department of Vietnam Customs.
MOIT points out reasons for gasoline retail disruptions
The Ministry of Industry and Trade (MOIT) on October 12 held a news conference where the media mostly grilled the ministry over the temporary closures of many gas stations in southern Vietnam, especially Ho Chi Minh City, Dong Nai, Binh Phuoc, Can Tho and An Giang.
State budget faces US$1.4 billion drop from fuel tax cuts
Measures taken to bring down petrol prices could reduce State budget collection by VND32.5 trillion (US$1.4 billion) this year, according to Deputy Minister of Finance Nguyen Duc Chi.