Vietnamplus

The prices of petrol and oil increased as from 15:00 of May 23 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

The prices of petrol and oil slightly increased following the regular adjustment of the Ministries of Industry-Trade and Finance on May 8.

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 all kinds of fuel increased as from 15:00 of April 7 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

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.

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.

Businesses are trying to keep the prices of consumer goods down despite recent fuel price hikes.

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.

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.

The Vietnam National Petroleum Corporation (Petrolimex) officially started selling diesel oil with Euro 5 standard and Euro 4-standard RON95 petrol nationwide from January 1, 2018.

The Vietnam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on December 15 officially supplied E5 RON92 bio-fuel for sale nationwide to replace RON 92 petrol, 15 days before a Government deadline.

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 Ministry of Finance has proposed to lower import tax on bio-fuel ethanol from 20 to 17 percent so as to make E5 petrol cheaper.

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.