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.

VOV.VN - The retail prices of petrol and oil witnessed a reduction as of 3 p.m. on July 1 following the latest price adjustments which were jointly carried out by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - The retail price of biofuel E5 - RON92 recorded an increase of VND185 to VND31,302, equal to US$1.35, per litre and RON95 rose by VND498 to a new record of VND32,873, equivalent to US$1.42, per litre, respectively, as of 3:00 p.m. June 21.

VOV.VN - The Ministry of Finance has put forward a proposal to abandon the petrol and oil price stabilisation fund in the pricing bill (revised) and is currently gathering public opinions on the matter.

VOV.VN - The retail prices of oil and petrol recorded another increase as of 15:00 on June 13 following the latest adjustments made by the Ministry of Finance, and the Ministry of Industry and Trade.

VOV.VN - The prospect of a sharp increase in petrol prices potentially taking effect on the afternoon of June 13 caused crowds of people in Ho Chi Minh City to rushed out to fill up their vehicles up, resulting in long lines at petrol stations.

Ensuring flexibility in curbing rising petrol prices and settling bad debts of credit institutions were scrutinised by NA deputies on June 1 at a debate on the implementation of socio-economic development plans in 2021 and in the first months of 2022 during the legislature's ongoing third session.

VOV.VN - Domestic petrol prices set a new record of VND31,578 per litre following adjustments made by the Ministry of Finance and the Ministry of Industry and Trade as of 3 p.m. on June 1.

VOV.VN - The goal of maintaining inflation at 4% this year will be threatened unless viable solutions are introduced in a bid to rein in rapidly-increasing petrol prices, according to economic experts.

Vietnam’s consumer price index (CPI) in the first five months of the year edged up 2.25% year-on-year while core inflation rose by 1.1%, according to the General Statistics Office (GSO).