Tag: petrol
Petrol prices continue to drop sharply following latest adjustments
VOV.VN - Petrol prices fell further from 3pm on July 21 after the latest review conducted by the Ministry of Industry and Trade and the Ministry of Finance.
Two former major generals of Coast Guard sentenced to 27 years in prison
Two former major generals of the Coast Guard High Command on July 15 were sentenced jail terms of 27 years in total for “receiving bribes” in a case of smuggling 200 million litres of RON 95 petrol worth around VND2.8 trillion (US$130 million) into Vietnam.
Trial of 14 accused of smuggling petrol worth US$130 million begins
Fourteen defendants, including high-ranking officials from the Border and Coast Guards, stand accused of smuggling 200 million litres of RON 95 petrol worth around VND2.8 trillion (US$130 million) into Vietnam.
Domestic petrol prices fall sharply on July 11
VOV.VN - The retail prices of petrol in Vietnam dived sharply on July 11 after consecutive hikes over the past months.
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.
Key lawmakers okay further tax cut on petrol, effective as of July 11
VOV.VN - The National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market.
Petrol prices drop after seven consecutive hikes
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.
Vietnam considers axing additional taxes to lower retail price of petrol
VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.
Petrol prices in Vietnam set new record
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.
Ministry proposes further tax cut to cool down rising petrol prices
VOV.VN - The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.
