The consumer price index (CPI) between January and May increased by 2.74 percent from the same period last year – the slowest five-month pace over the last three years, according to the General Statistics Office (GSO).
The overall inflation hikes much higher than the core inflation, mainly due to increased fuel and electricity prices. However, the core inflation inched up by only 1.85 percent in the first five month
The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 31.
The consumer price index (CPI) of January rose only 0.1 percent compared to the previous month and 2.56 percent year-on-year thanks to abundant supply of goods for Lunar New Year celebration.
The price of E5 bio-petrol has dropped by 1,446 VND per litre, while that of RON95 fell 1,513 VND per litre following an announcement of petrol price adjustments released by the Ministry of Finance and Ministry of Industry and Trade on December 6.
Petrol prices decreased slightly, while those of oil remained unchanged after the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on October 22.
The price of bio-fuel E5 increased by 300 VND per litre, while that of diesel 0.05S increased slightly by 383 VND per litre during the latest regular adjustment of petrol and oil prices on September 6.
The prices of oil and petrol were kept unchanged following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 7.
Prices of oil and petrol slightly dropped by 300 VND per litre following the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on June 22.
Wholesale petrol traders should make more efforts to raise the market share of bio-fuel E5 in the country, said Deputy Minister of Industry and Trade (MoIT) Do Thang Hai.
The price of bio-fuel E5 was kept unchanged while those of diesel 0.05S and kerosene increased slightly by 380 VND and 500 VND per litre respectively in the latest regular adjustment of petrol and oil prices on April 23.
The consumer price index (CPI) in 2018 is forecast to rise by 3.41 percent, 3.55 percent and 3.9 percent under the scenarios created by the aide group of the Government’s Steering Committee on Price Management.
The prices of oil and petrol are kept unchanged after the latest regular review by the Ministry of Industry and Trade and the Ministry of Finance on March 23.
The price of RON 95 petrol declined by 400 VND per litre from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
The number of local consumers using E5 petrol in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.
The quality of E5 bio fuel in Vietnam is ensured and meets international standards. All features, capacity and fuel consumption remain the same, and in some criteria E5 is better than RON 92, officials said.
The prices of RON 92 and E5 petrol and kerosene remained unchanged in the regular price review on December 5 while diesel prices increased slightly by 150 VND per litre as of 3:00 pm the same day.
There are only two months left until January 1, 2018, the date set for the nation to switch from RON A92 petrol to bio-fuel E5, but the plan is facing problems.
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