(VOV) - Domestic petrol prices are jumping up from VND713-VND1.616 per litre on the afternoon of March 11, according to the Ministry of Industry and Trade.
The price of RON95 gasoline was slashed by VND1,900 down to VND16,270 on the afternoon of January 21, according to the Vietnam National Petroleum Group (Petrolimex).
Vietnam registered positive growth of exports to the US in the first 10 months, with country's exports to the US reached US$23.69 billion, a 21.8% year-on-year increase, the Ministry of Industry and Trade reported on November 3.
The Finance Ministry has required petrol companies to cut retail petrol prices as from 14:00 on July 28 against the backdrop of declining world prices, with the companies to decide the specific price by themselves.
Petrol retailers have reduced their price by VND300 per litre as from 8pm on August 22 at the request of the ministries of Finance and Industry and Trade.
It is imperative to reconsider the mechanism for adjusting petrol prices to limit the negative impacts of rising prices in the current economic situation, say economic experts.
Consumers have been shocked after petrol businesses raised retail petrol prices twice by a total of VND2,000 per litre since August 2012.
Domestic retail prices for petrol and oil will not change as financial assistance for the price stabilisation fund diminishes, the Ministry of Finance (MoF) has said.
The Ministry of Finance has asked petrol businesses not to hike retail prices of petrol and oil amidst global fluctuations.
The Ministry of Finance (MoF) on January 14 issued a number of documents on the implementation of the Prime Minister’s decision to stabilise petrol prices.
The Ministry of Finance has asked petrol businesses to reduce their retail prices of petrol and oil, starting from 22.00 on June 8.
Retail prices of petrol across the country will decrease by VND500 per litre as of 9pm on May 27, according to a Ministry of Finance (MoF)’s recent decision.
The Ministry of Finance and the Ministry of Industry and Trade have agreed to increase retail prices of petrol and mazut oil by VND500/litre and VND1,000/litre respectively, starting August 9.
The Ministry of Finance and the Ministry of Industry and Trade have decided not to lower the domestic retail prices of petrol and oil despite the downward trend on the global oil market in recent times.
The ministries of Finance and Industry and Trade have accepted proposals submitted by petrol and oil traders to increase their retail prices.
The Ministry of Finance and the Ministry of Industry and Trade have agreed to increase retail prices of petrol by VND500/litre as from April 12.
The Ministry of Finance and the Minsitry of Industry and Trade have decided to raise the retail petrol price for RON92 by VND500 per litre to VND11,500 since April 2.
Consumers have high hope that the Government will lower petrol prices following a constant decrease in global crude oil prices. However, petroleum businesses are planning to increase retail prices, given that global petrol prices have recently gone up by 38 percent.