VOV.VN - Increasing petrol prices caused by the Russia-Ukraine conflict have forced residents in major cities such as Hanoi and Ho Chi Minh City to change their behaviour in order to adapt to the new situation.

The Ministry of Industry and Trade (MoIT) has instructed relevant agencies to ensure the supply of petrol, MoIT Deputy Minister Do Thang Hai said at the Government’s regular press conference for February on March 3.

VOV.VN - Retail petrol prices climbed to reach a new peak as of 3 p.m. on March 1 following the Ministry of Industry and Trade and the Ministry of Finance adjusting prices upwards for the sixth time in a row.

VOV.VN - High domestic petrol prices have put greater pressure on production and business services, especially on transportation and production of consumer goods that fall victim to recent price hikes.

VOV.VN - Vietnam’s consumer price index (CPI) in February increased by 1% month on month, 1.42% year on year and 1.2% compared to December 2021, the General Statistics Office (GSO) announced on February 28.

Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).

VOV.VN - Domestic petrol prices have hit an eight-year record high following the latest price adjustments made on February 21, dealing a heavy blow to ongoing recovery efforts of firms that have borne the brunt of the prolonged COVID-19 pandemic.

VOV.VN - The retail prices of petrol and oil continued to witness an increase as of 3 p.m. on February 21 following the latest price review jointly conducted by both the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Amid the ongoing complicated developments of the COVID-19 pandemic, escalating petrol prices have exerted tremendous pressure on local enterprises, especially those operating within the transport sector, according to industry insiders.

VOV.VN - Retail petrol prices increased by approximately VND1,000 per litre as of 3 p.m. on February 11 following the latest price adjustments made by the Ministry of Industry and Trade and the Ministry of Finance.