Vietnamplus

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 16.

The retail prices of petrol fell sharply from 3pm on November 6 following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade.

Consumption of bio-fuel E5 RON 92 nationwide increased 31.8 percent in the first half of this year to 1.78 million cubic metres, according to the Ministry of Industry and Trade.

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 prices of oil and petrol are kept unchanged after the latest regular review by the ministries of Industry and Trade and Finance on March 8.

Many motorbike owners are still unsure if the new E5 fuel being sold nationwide suits their vehicles, and authorities need to improve public awareness accordingly, officials admit.

Southern cities and provinces are ready to switch from the RON92 grade petrol to E5 biofuel starting next year, but concerns remain over its pricing and consumer preference.

The Ministry of Industry and Trade and the Ministry of Finance decided to increase the retail price of RON 92 petrol by 434 VND to a maximum of 18,580 VND (0.82 USD) per litre from 3:00pm on November 20.

The Ministries of Industry and Trade, and Finance decided to increase the retail price of RON 92 petrol by 271 VND to a maximum of 18,146 VND (79.8 US cents) per litre from 3pm of November 4.

The prices of RON 92 petrol and bio-fuel E5 fell by 124 VND and 97 VND per litre, respectively, as from 4:55 pm on October 20.

The domestic retail price of RON 92 petrol increased by 319 VND to 18,111 VND (79 cents) per litre, as of 3pm on September 20.

The Ministries of Industry and Trade, and Finance decided to raise the retail price of RON 92 petrol by 306 VND to maximum 17,792 VND (78 US cents) per litre from 3pm on September 5.

The domestic retail price of RON 92 petrol increased by 461 VND to trade at a maximum of 17,486 VND (77 US cents) per litre, as of 3pm on August 19.

The supply of E5 bio-fuel is enough to meet the local demand and can fully replace RON 92 petrol beginning next year, the Ministry of Industry and Trade (MoIT) said.

The Ministry of Industry and Trade on July 6 worked with petrol wholesalers on the roadmap to replace RON 92 petrol with E5 bio-fuel from 2018.

The price of RON 92 declined by 862 VND per litre to 16,504 VND (0.72 USD) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam will replace RON 92 petrol with E5 bio-fuel from the beginning of next year.

The prices of RON 92 petrol and bio-fuel E5 increased by 47 VND and 43 VND per litre as from 3:00 pm on November 4.

The base prices of RON 92 petrol and E5 bio-fuel fell 200 VND per litre as of 3:00 p.m on July 5 under a joint decision issued by the ministries of Industry and Trade, and Finance earlier in the day.

The retail prices of RON 92 petrol and E5 bio-fuel increased by 680 VND and 668 VND per litre, respectively, from 3:00pm on June 4.