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.

VOV.VN - The retail prices of petrol and oil continued to witness an increase at 3 p.m. on January 11 following the latest price review jointly conducted by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - The retail prices of oil and petrol were adjusted down as of 3 p.m. on December 10 following a decision made by the ministries of Finance, and Industry and Trade.

VOV.VN - Vietnam’s Consumer Price Index (CPI) in November rose by 0.32% from October, prompting the 11-month CPI to expand by 1.84%, the lowest growth rate since 2016, the General Statistics Office (GSO) announced on November 29.

VOV.VN - Domestic retail prices of petrol and oil dropped considerably as of 3 p.m. on November 25, according to a joint announcement by both the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - The domestic prices of E5 RON 92 and RON 95 continued to rise on November 10 following the Ministry of Finance and the Ministry of Industry and Trade announcing their latest price adjustments.